Memorizing Layout of Financial Statements - Level of Detail
It seems knowing (or having a general sense of) where different items fall in the financial statements(ie
assets, liabilities, U/W income, investment income, other income, or capital & surplus) is a good idea...
but is there any reasonable expectation candidates would be asked to recall associated line numbers as well as the name of the financial statement line item? For example, is the following a reasonable question:
"The provision for reinsurance includes a liability on the statutory balance sheet under what line?"
Comments
Having a general sense is helpful. You may need to know if a given item is an asset or a liability, or how different items are used to arrive at income. Knowing the line numbers of specific items is not expected.