Odomirok.22-23-GAAP

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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 (2017.Fall #12) SAP: B/S & I/S items GAAP: B/S & I/S items
E (2017.Fall #19) GAAP: components of, and methodology for calculating, fair value of liabilities SAP v GAAP: goodwill
E (2017.Fall #20) SAP v GAAP: purpose SAP v GAAP: acquisition costs, nonadmitted assets
E (2016.Fall #18) calculate: GAAP value of goodwill using cost of capital (3.25 pts) SAP: calculation & amortization of goodwill
E (2016.Spring #15)
E (2014.Fall #15) calculate: surplus (6 pts)
E (2014.Fall #19) calculate: GAAP surplus (3.25 pts) SAP v GAAP: B/S items
E (2014.Spring #21) SAP v GAAP: intended user SAP v GAAP: DAC, discounting losses SAP v GAAP: justify part (b) given answer to part (a) general: why rent furniture (versus buy)
E (2014.Spring #22)
E (2014.Spring #23) calculate: 10-yr loss development table general: comment on accuracy of loss & DCC reserves
E (2012.Fall #23)

In Plain English!

BattleCodes

Memorize:


Conceptual:


Calculational:

POP QUIZ ANSWERS