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	Sched F solvency testing: - strength/weakness
E (2017.Spring #14)	reinsurance provision: - calculate	"Certified" category: - benefits	reinsurance provision: - how to improve
E (2016.Fall #13)	reinsurance provision: - calculate	Sched F solvency testing: - strength/weakness
E (2016.Spring #14)	reinsurance provision: - calculate	"Certified" category: - benefits
E (2015.Spring #15)	reinsurance provision: - calculate	reinsurance provision: - how to reduce	SAO reins. collectability: - vs. Sched F provision
E (2013.Fall #16)	SCENARIO: - slow-paying reinsurer?	reinsurance provision: - calculate	reinsurance provision: - calculate (unauthorized re)	Sched F solvency testing: - potential enhancments
E (2012.Fall #19)	reinsurance provision: - calculate	SAO reins. collectability: - vs. Sched F provision	SAO reins. collectability: - vs. Sched F provision	Sched 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: