SAP 10K Exhibit

The 10-K exhibit is a good example of where I'm playing the odds in terms of what to include in the wiki and what to exclude. I did not include very much information about the 10-K exhibit and its schedules because there are already 5 other types of calculation questions that can potentially be asked, as well as concept questions related to the differences between GAAP and SAP. If there was some sort of exam question about the 10-K exhibit, then something else (more important) would have to be left out. In other words, if I were taking the exam, I would feel very comfortable mostly skipping this material.

Now, there are other schedules related to the 10-K exhibit but they are presented "as is", without any calculations, so those would not be good exam problems.

I actually tried to think of a good exam question based on this material, but I couldn't think of one. Here are a few of my thoughts:

• Since CAS exam questions like to ask for lists, they might ask for the key contents of 10-K. The answer would be Parts I, II, III, IV, along with the descriptions on page 325, but that is really not a good question because it doesn't contain any concepts - it's just a memorized list.

From source text:

• Another list-type question is the schedules required by Regulation S-X. The answer to this is on page 326: Schedules III, IV, and VI, along with the information contained in them. But there's nowhere to go from there. Again, it's straight memorization.

From source text:

• Another type of question is an interpretation type of question. They may give you an example of Schedules III, IV, and VI, and ask you to interpret them, but you can do that with general knowledge. You don't have to have memorized anything about the 10-K exhibit to do that.

From source text:

All of this is just to explain my reasons for covering this topic very lightly. There are other things to study that will yield greater benefits from your limited study time. If you have studied everything else and have time left over before the exam (that virtually never happens!) you could come back to this section on the 10-K and memorize a few things on the off-chance it comes up.