Sample 9
Confused on the convert margin and can't find it in the notes or source material - what is it? how is it calcd? is it somewhere in the material?
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Confused on the convert margin and can't find it in the notes or source material - what is it? how is it calcd? is it somewhere in the material?
Comments
It's just converting the dollar amount of risk adjustment to a % basis of the BEL. You are usually provided the RA % directly and skip the dollar derivation of the RA. This question is meant to provide you an example of how you actually arrive at that %
What does BEL stand for?
Best Estimate Loss - Your expected loss basically
Is there a practice excel file that we can practice calculating Statement of Financial Position - LIC?
I don't think so, but we can consider doing something for that. I believe there are more than enough questions in the practice exam and sample ifrs17 questions for the LIC calculation