Difference between revisions of "Odomirok.12-5yr"
| Line 1: | Line 1: | ||
| + | The Five-Year Historical Data exhibit summarizes 5 years of <u>key financial statistics</u> from past Annual Statements. ''(Most other annual statement exhibits show only 1 or 2 years of data.)'' | ||
| + | |||
[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-12-5yr<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/odomirok-12-5yr<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 Tips== | ==Study Tips== | ||
| + | Study the examiner's report solution to <span style="color: red;">'''(2018.Spring #13)'''</span> very carefully. It's a good question. Information from ''[[Odomirok.13]]'' may also be useful here. It's valuable to spend up to 2 hours on this chapter. | ||
==BattleTable== | ==BattleTable== | ||
| Line 8: | Line 11: | ||
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 use general knowledge to <u>interpret</u> information on the 5-year historical exhibit |
| − | |||
: {| class="wikitable" style="width: 1000px;" | : {| class="wikitable" style="width: 1000px;" | ||
| Line 28: | Line 30: | ||
==In Plain English!== | ==In Plain English!== | ||
| + | |||
| + | The '''2018.Spring''' exam question doesn't require you to have any special knowledge concerning the ''5-Year Historical Data Exhibit''. This question is testing a broader understanding of how to use financial statement data to understand a company. | ||
| + | |||
| + | The syllabus provides online examples of annual statements for ''Travelers'' and ''Liberty Mutual'', but the ''Liberty Mutual'' example didn't include this exhibit. Check the ''Travelers'' annual statement for a real-life example of the 5-Year Historical Data Exhibit. | ||
| + | |||
| + | The way I think of this exhibit is that it pulls together information from many other exhibits and '''shows you all in 1 place''', ''plus it shows you 5 years''. It's a very useful exhibit to get an overview of the company. | ||
| + | |||
| + | Here are some examples of the <u>types of data</u> that are shown: | ||
| + | * premiums - ''gross & net'' | ||
| + | * balance sheet information - ''assets, liabilities...'' | ||
| + | * income statement information - ''U/W gain, investment gain,...'' | ||
| + | * operating ratios | ||
| + | * RBC - ''total capital & ACL (Authorized Control Level Capital)'' | ||
[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=12-5yr§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/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=12-5yr§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> | ||
Revision as of 01:30, 15 March 2019
The Five-Year Historical Data exhibit summarizes 5 years of key financial statistics from past Annual Statements. (Most other annual statement exhibits show only 1 or 2 years of data.)
Study Tips
Study the examiner's report solution to (2018.Spring #13) very carefully. It's a good question. Information from Odomirok.13 may also be useful here. It's valuable to spend up to 2 hours on this chapter.
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- how to use general knowledge to interpret information on the 5-year historical exhibit
reference part (a) part (b) part (c) part (d) E (2018.Spring #13) financial health
- area of concern #1financial health
- area of concern #2financial health
- area of concern #3financial health
- area of concern #4
Full BattleQuiz You must be logged in or this will not work.
In Plain English!
The 2018.Spring exam question doesn't require you to have any special knowledge concerning the 5-Year Historical Data Exhibit. This question is testing a broader understanding of how to use financial statement data to understand a company.
The syllabus provides online examples of annual statements for Travelers and Liberty Mutual, but the Liberty Mutual example didn't include this exhibit. Check the Travelers annual statement for a real-life example of the 5-Year Historical Data Exhibit.
The way I think of this exhibit is that it pulls together information from many other exhibits and shows you all in 1 place, plus it shows you 5 years. It's a very useful exhibit to get an overview of the company.
Here are some examples of the types of data that are shown:
- premiums - gross & net
- balance sheet information - assets, liabilities...
- income statement information - U/W gain, investment gain,...
- operating ratios
- RBC - total capital & ACL (Authorized Control Level Capital)
Full BattleQuiz You must be logged in or this will not work.
