graham
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Comments
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Yes, your interpretation makes sense.
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You would need to contact the CAS about that. Sometimes the links on their website don't work.
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@chelseamh, this has been corrected. Thanks! But double-check your final answer above. This is what I got:
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Thanks for the extra info @NycxBattle!
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@Staff-T1: Is this your understanding and interpretation also? The source text, which is only available through the study kit and not online states the following: * Both NB and NFL are both prior approval and file and use This reading is…
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Yes, that's correct: SK and MB. (Not NB)
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Oops, sorry about that. I have removed that pop quiz. (I had removed the reading on UBI but forgot I had put a pop quiz about it in a different reading.) Thanks for pointing that out.
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The new item types will not appear on Exam 6-Canada until Fall 2024. As far as I know, the CAS has not provided any information on the ratio between these question types.
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Numerous? You only provided 2. If you can provide 2 more, we will send you a BattleActs mug. The 2 errors you pointed out have been corrected.
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Sure, we converted 3 past CAS exams to Excel format and you can get them at the link below: * https://battleactsmain.ca/wiki6c/Excel_Practice_Problems_-2023-05-22#Past_CAS_Exams.28Many_Problems_are_Now_Outdated.29
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Right, and the CAS has not released any exams since computer-based testing. The only people who know what types of questions are on the current exams are people who have taken the exams and they are not allowed to reveal anything per CAS disciplinar…
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No problem! Looks like you are well engaged in slaying the beast.
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There is also a footnote under the Battle Table for the MSA.Ratios reading about part (c): * https://battleactsmain.ca/wiki6c/MSA.Ratios#BattleTable
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Yup, my bad! I have corrected those items, thx! Next time you do quiz 3, check out the authour of the question for (6.12.3) in the green box just under the question.
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Yes, a finger stutter! It is correct, thanks!
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That's odd. I just tested it by downloading it myself and I got version 9. (You have to refresh the page of course but I assume you did that.) I have now cleared the server cache. If it still doesn't work we will have to investigate further. If y…
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No, this is purely an equity calculation and it's done by directly summing the components as listed on the Statement of Liabilities and Equity. The fundamental accounting equation is: * Assets = Liabilities + Equity So another way to calcul…
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It's on my list to do. I will return my attention to those after I put the finishing touches on the OSFI.MemoAA article. Note that Excel versions of those problems are also available within the specific articles. You can copy the data from the we…
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Yup! I've fixed it and given you a shout-out here: * https://battleactsmain.ca/wiki6c/OSFI.MCT-IFRS#insurance_risk_components Thx!
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Sorry about that. I misread it. * Immediate Recognition in Profit and Loss (P&L): When a group of insurance contracts is determined to be onerous, meaning the expected costs exceed the expected benefits, the entity recognizes this loss imme…
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Under IFRS 17, insurance contracts are categorized into onerous, non-onerous, and potentially onerous. The treatment of losses differs based on these categories. Your understanding that losses from non-onerous groups are recognized immediately is co…
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Apologies for the delay in responding. Your post slipped through the cracks. This is a issue with the CAS website and we are unable to do much
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Can you give me the link that doesn't work. Apologies, I will fix it. Regarding your other question:: Yes, you've got it right. The formula for Net Income Pre Tax, as you've outlined it, is accurate. It includes the following components: * N…
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This was a change from the previous version of the MCT source reading. The 2023 version did not have the 1.1 factor, but the 2024 version (which is the current version) DOES include the factor of 1.1. We will correct that. Thank you! @Staff-T1
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Yup, this was emailed to to us. I sometimes just send the question to the forum staff if I don't have time to respond. Sorry!
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Fixed, thx! * https://battleactsmain.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=CIA&suffix=IFRS17-LRC&s…
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Fixed, thx!
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Thanks! I have linked to your post from the wiki: * https://battleactsmain.ca/wiki6c/FSCO.TechNotes#Section_E:_Major_Filings
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Yes, this is likely out-of-date but it should still be considered a valid answer until the syllabus reading is updated.
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Corrected, thx! * https://battleactsmain.ca/wiki6c/PACICC.Comp#Funding_and_Assessment