Difference between revisions of "Feldblum.Discount"
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| + | This reading is an extremely detailed presentation of discounting loss reserves for tax purposes and is being removed from the syllabus for 2019.Fall. Still, you should at least know how to do the exam problems listed below. They aren't too hard if you've covered ''[[Odomirok.26-Taxes]]''. | ||
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[https://www.battleacts6us.ca/vanillaforum6us/categories/feldblum-discount<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>] | [https://www.battleacts6us.ca/vanillaforum6us/categories/feldblum-discount<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>] | ||
| − | == | + | ==Study Tip== |
| + | If you can do the exam problems, you should be fine. The calculation and other relevant material are explained in ''[[Odomirok.26-Taxes#Discounting_Loss_Reserves_for_Taxes | Odomirok Chapter 26 - Discounting for Taxes]]'' | ||
==BattleTable== | ==BattleTable== | ||
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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | ||
| − | * | + | * how to calculate the loss reserve discount factor using Schedule P, Part 1 |
| − | * | + | * how to determine whether a company should use a discount factor derived from their own Schedule P ''or'' one derived from industry data |
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| [https://www.battleacts6us.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(21).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.Spring #21)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(21).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.Spring #21)'''</span> | ||
| − | || ''' | + | || '''discounting & TBI''': <br> - calculate |
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| [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(16).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;">'''(2014.Fall #16)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(16).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;">'''(2014.Fall #16)'''</span> | ||
| − | || '''payment pattern''': company vs IRS | + | || '''payment pattern''': <br> - company vs IRS |
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| + | [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Feldblum&suffix=Discount§ion=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span> | ||
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| + | [https://www.battleacts6us.ca/vanillaforum6us/categories/feldblum-discount<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>] | ||
==In Plain English!== | ==In Plain English!== | ||
| + | [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Feldblum&suffix=Discount§ion=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span> | ||
| − | = | + | [https://www.battleacts6us.ca/vanillaforum6us/categories/feldblum-discount<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>] |
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Latest revision as of 20:21, 9 March 2019
This reading is an extremely detailed presentation of discounting loss reserves for tax purposes and is being removed from the syllabus for 2019.Fall. Still, you should at least know how to do the exam problems listed below. They aren't too hard if you've covered Odomirok.26-Taxes.
Study Tip
If you can do the exam problems, you should be fine. The calculation and other relevant material are explained in Odomirok Chapter 26 - Discounting for Taxes
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- how to calculate the loss reserve discount factor using Schedule P, Part 1
- how to determine whether a company should use a discount factor derived from their own Schedule P or one derived from industry data
reference part (a) part (b) part (c) part (d) E (2017.Spring #21) discounting & TBI:
- calculateE (2014.Fall #16) payment pattern:
- company vs IRS
Full BattleQuiz You must be logged in or this will not work.
In Plain English!
Full BattleQuiz You must be logged in or this will not work.
