Odomirok.14-F

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BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

reference	part (a)	part (b)	part (c)	part (d)
E (2018.Spring #9)	define: - reinsurer recoverable	define: - reinsurer payable	define: - reinsurer funds held	define: - reinsurance provision
E (2017.Fall #14)	balance sheet: - restate to gross of re	strength/weakness: - Sched F solvency testing
E (2017.Spring #14)	reinsurance provision: - calculate	reinsurance provision: - Certified categ. benefit	reinsurance provision: - how to improve
E (2016.Fall #13)	reinsurance provision: - calculate	strength/weakness: - Sched F solvency testing
E (2016.Spring #14)	reinsurance provision: - calculate	reinsurance provision: - Certified categ. benefit
E (2015.Spring #15)	reinsurance provision: - calculate	reinsurance provision: - how to reduce	reinsurance provision: - vs. SAO collectability
E (2013.Fall #16)	SCENARIO: - slow-paying reinsurer?	reinsurance provision: - calculate	reinsurance provision: - calculate (unauthorized re)
E (2012.Fall #19)

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In Plain English!

2018.Spring #9

Let's look at this exam question from 2018.Spring:

E (2018.Spring #9)

I was little surprised because they haven't asked a question like this before. Most of the old questions are calculations. Anyway, they ask you to define and classify the given financial statement quantities as assets, liabilities, or income statement items. This is a very typical question from an accounting course and if you've had an accounting course, you'll probably find it easy. Here's how I think about it:

• Money coming in (a receivable or recoverable) is good! A receivable is an asset.
• Money going out (a payable) is bad! A payable is an liability.

...finish this later...

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BattleCodes

Memorize:

Conceptual:

Calculational: