Difference between revisions of "Odomirok.14-F"
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| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #14)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #14)'''</span> | ||
|| '''balance sheet''': <br> - restate to gross of re | || '''balance sheet''': <br> - restate to gross of re | ||
| − | || '''Sched F solvency testing''': <br> - strength/weakness | + | || <span style="color: blue;">'''Sched F solvency testing''':</span> <br> - strength/weakness |
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
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| [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #13)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #13)'''</span> | ||
|| <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate | || <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate | ||
| − | + | <span style="color: blue;">'''Sched F solvency testing''':</span> <br> - strength/weakness | |
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
| Line 62: | Line 62: | ||
|| <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate | || <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate | ||
|| <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate (unauthorized re) | || <span style="color: green;">'''reinsurance provision''':</span> <br> - calculate (unauthorized re) | ||
| − | || ''' | + | || <span style="color: blue;">'''Sched F solvency testing''':</span> <br> - potential enhancments |
|- | |- | ||
| Line 69: | Line 69: | ||
|| '''reinsurance provision''': <br> - vs. SAO collectability | || '''reinsurance provision''': <br> - vs. SAO collectability | ||
|| '''reinsurance provision''': <br> - vs. SAO collectability | || '''reinsurance provision''': <br> - vs. SAO collectability | ||
| − | || '''Sched F solvency testing''': <br> - strength/weakness | + | || <span style="color: blue;">'''Sched F solvency testing''':</span> <br> - strength/weakness |
|} | |} | ||
Revision as of 14:07, 19 January 2019
Contents
Pop Quiz
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 recoverabledefine:
- reinsurer payabledefine:
- reinsurer funds helddefine:
- reinsurance provisionE (2017.Fall #14) balance sheet:
- restate to gross of reSched F solvency testing:
- strength/weaknessE (2017.Spring #14) reinsurance provision:
- calculatereinsurance provision:
- Certified categ. benefitreinsurance provision:
- how to improveE (2016.Fall #13) reinsurance provision:
- calculateSched F solvency testing:
- strength/weaknessE (2016.Spring #14) reinsurance provision:
- calculatereinsurance provision:
- Certified categ. benefitE (2015.Spring #15) reinsurance provision:
- calculatereinsurance provision:
- how to reducereinsurance provision:
- vs. SAO collectabilityE (2013.Fall #16) SCENARIO:
- slow-paying reinsurer?reinsurance provision:
- calculatereinsurance provision:
- calculate (unauthorized re)Sched F solvency testing:
- potential enhancmentsE (2012.Fall #19) reinsurance provision:
- calculatereinsurance provision:
- vs. SAO collectabilityreinsurance provision:
- vs. SAO collectabilitySched F solvency testing:
- strength/weakness
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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:
