IEE - Revision history

Graham at 22:17, 14 February 2019

2019-02-14T22:17:34Z

Graham at 22:16, 14 February 2019

2019-02-14T22:16:44Z

Graham at 22:14, 14 February 2019

2019-02-14T22:14:57Z

Graham: /* Total Profit (Loss) */

2019-02-14T22:13:33Z

‎Total Profit (Loss)

Graham: /* Total Profit (Loss) */

2019-02-14T22:12:53Z

‎Total Profit (Loss)

Graham: /* Total Profit (Loss) */

2019-02-14T22:12:03Z

‎Total Profit (Loss)

Graham: /* BattleTable */

2019-02-14T22:11:05Z

‎BattleTable

Graham: /* BattleTable */

2019-02-14T22:10:34Z

‎BattleTable

Graham: /* BattleTable */

2019-02-14T22:02:50Z

‎BattleTable

Graham: /* Intro */

2019-02-14T21:09:50Z

‎Intro

← Older revision		Revision as of 22:17, 14 February 2019
Line 428:		Line 428:

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	~~<hr>~~
−
−	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

← Older revision		Revision as of 22:16, 14 February 2019
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
−
−	~~<hr>~~
−
−	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
−
−	~~===Final Comments on IEE===~~
−
−	There are a few things near beginning of chapter 18 that we should probably cover. I skipped over it before because it's so fucking boring. The first couple of pages in the section: ''Part I - Allocation to Expense Groups'' explains how IEE and U&IE are related. ''(U&IE is the Underwriting & Investment Exhibit)''
−
−	If you want a quick break, I found a website where someone made ''[https://quizlet.com/94669614/uie-underwriting-and-investment-exhibit-flash-cards/ 5 flash cards]'' for the U&IE. Take a look - can't hurt!
−
−	~~Anyway, here's what the 3 parts of the U&IE exhibit look like, but <span style="color: red;>'''only Part 3'''</span> is relevant to this discussion:~~
−
−	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_1.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 1'''''</span>] ''   <u>Part 1</u> - Premiums Earned,    <u>Part 1A</u> - Recapitulation All Premiums,    <u>Part 1B</u> - Premiums Written''
−
−	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_2.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 2'''''</span>] ''   <u>Part 2</u> - Loss Paid & Incurred,    <u>Part 2A</u> - Unpaid Loss & LAE''
−
−	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_3.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 3'''''</span>] ''   <span style="color: red;>'''<u>Part 3</u> - Expenses'''''</span>
−
−	~~A good exercise might be to view the IEE and U&IE side by side so you can see the differences.~~
−
−	Odomirok notes an important ''(but boring)'' difference between IEE and Part 3 of U&IE regarding the level of detail for <u>other U/W expenses</u>. In particular, IEE separate ''other U/W expenses further into:
−
−	* acquisition , field supervision, and collection expenses
−	* general expenses
−	* investment expenses
−
−	~~:{\| class="wikitable"~~
−	\|-
−	~~\| '''Question''': identify other differences between IEE and Part 3 of U&IE~~
−	\|}
−
−	~~:: '''LOB breakout''':~~
−	~~::    - IEE shows expenses by LOB, U&IE doesn't~~
−	~~:: '''reinsurance''':~~
−	~~::    - IEE shows direct & net, U&IE shows net only~~
−	~~:: '''display format''':~~
−	~~::    - IEE in 000's, U&IE to nearest dollar~~
−
−	~~The quiz covers this a a couple of other miscellaneous topics. ''(But don't worry, it's short.)''~~
−
−	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	~~<hr>~~

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

@@ Line 390: / Line 390: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
 ===Final Comments on IEE===
@@ Line 484: / Line 478: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
 <hr>

← Older revision		Revision as of 22:13, 14 February 2019
Line 352:		Line 352:

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=5<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 5]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=5<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 5]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	===Final Comments on IEE===
		+
		+	There are a few things near beginning of chapter 18 that we should probably cover. I skipped over it before because it's so fucking boring. The first couple of pages in the section: ''Part I - Allocation to Expense Groups'' explains how IEE and U&IE are related. ''(U&IE is the Underwriting & Investment Exhibit)''
		+
		+	If you want a quick break, I found a website where someone made ''[https://quizlet.com/94669614/uie-underwriting-and-investment-exhibit-flash-cards/ 5 flash cards]'' for the U&IE. Take a look - can't hurt!
		+
		+	Anyway, here's what the 3 parts of the U&IE exhibit look like, but <span style="color: red;>'''only Part 3'''</span> is relevant to this discussion:
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_1.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 1'''''</span>] ''   <u>Part 1</u> - Premiums Earned,    <u>Part 1A</u> - Recapitulation All Premiums,    <u>Part 1B</u> - Premiums Written''
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_2.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 2'''''</span>] ''   <u>Part 2</u> - Loss Paid & Incurred,    <u>Part 2A</u> - Unpaid Loss & LAE''
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_3.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 3'''''</span>] ''   <span style="color: red;>'''<u>Part 3</u> - Expenses'''''</span>
		+
		+	A good exercise might be to view the IEE and U&IE side by side so you can see the differences.
		+
		+	Odomirok notes an important ''(but boring)'' difference between IEE and Part 3 of U&IE regarding the level of detail for <u>other U/W expenses</u>. In particular, IEE separate ''other U/W expenses'' further into:
		+
		+	* acquisition , field supervision, and collection expenses
		+	* general expenses
		+	* investment expenses
		+
		+	:{\| class="wikitable"
		+	\|-
		+	\| '''Question''': identify other differences between IEE and Part 3 of U&IE
		+	\|}
		+
		+	:: '''LOB breakout''':
		+	::    - IEE shows expenses by LOB, U&IE doesn't
		+	:: '''reinsurance''':
		+	::    - IEE shows direct & net, U&IE shows net only
		+	:: '''display format''':
		+	::    - IEE in 000's, U&IE to nearest dollar
		+
		+	The quiz covers this a a couple of other miscellaneous topics. ''(But don't worry, it's short.)''
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	<hr>
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

	===Final Comments on IEE===		===Final Comments on IEE===

← Older revision		Revision as of 22:12, 14 February 2019
Line 352:		Line 352:

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=5<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 5]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=5<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 5]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	===Final Comments on IEE===
		+
		+	There are a few things near beginning of chapter 18 that we should probably cover. I skipped over it before because it's so fucking boring. The first couple of pages in the section: ''Part I - Allocation to Expense Groups'' explains how IEE and U&IE are related. ''(U&IE is the Underwriting & Investment Exhibit)''
		+
		+	If you want a quick break, I found a website where someone made ''[https://quizlet.com/94669614/uie-underwriting-and-investment-exhibit-flash-cards/ 5 flash cards]'' for the U&IE. Take a look - can't hurt!
		+
		+	Anyway, here's what the 3 parts of the U&IE exhibit look like, but <span style="color: red;>'''only Part 3'''</span> is relevant to this discussion:
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_1.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 1'''''</span>] ''   <u>Part 1</u> - Premiums Earned,    <u>Part 1A</u> - Recapitulation All Premiums,    <u>Part 1B</u> - Premiums Written''
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_2.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 2'''''</span>] ''   <u>Part 2</u> - Loss Paid & Incurred,    <u>Part 2A</u> - Unpaid Loss & LAE''
		+
		+	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch18_UIE_Part_3.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''U&IE Part 3'''''</span>] ''   <span style="color: red;>'''<u>Part 3</u> - Expenses'''''</span>
		+
		+	A good exercise might be to view the IEE and U&IE side by side so you can see the differences.
		+
		+	Odomirok notes an important ''(but boring)'' difference between IEE and Part 3 of U&IE regarding the level of detail for <u>other U/W expenses</u>. In particular, IEE separate ''other U/W expenses'' further into:
		+
		+	* acquisition , field supervision, and collection expenses
		+	* general expenses
		+	* investment expenses
		+
		+	:{\| class="wikitable"
		+	\|-
		+	\| '''Question''': identify other differences between IEE and Part 3 of U&IE
		+	\|}
		+
		+	:: '''LOB breakout''':
		+	::    - IEE shows expenses by LOB, U&IE doesn't
		+	:: '''reinsurance''':
		+	::    - IEE shows direct & net, U&IE shows net only
		+	:: '''display format''':
		+	::    - IEE in 000's, U&IE to nearest dollar
		+
		+	The quiz covers this a a couple of other miscellaneous topics. ''(But don't worry, it's short.)''
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	<hr>
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<hr>
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=18-IEE&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
		+
		+	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

	===Final Comments on IEE===		===Final Comments on IEE===

@@ Line 326: / Line 326: @@
 ===Total Profit (Loss)===
-More formulas:
+The last major type of problem from this chapter is calculating the profit (loss).
 :{| class="wikitable"
 |-
-| '''Main Formula''': Total Profit (Loss) = (Pre-tax profit <u>excluding</u> InvGain) + InvGain(Insurance Tranactions) + InvGain(Capital & Surplus) + Tax
+| '''Main Formula''': &nbsp;&nbsp; Total Profit (Loss) &nbsp;&nbsp; = &nbsp;&nbsp; (Pre-tax profit <u>excluding</u> InvGain) &nbsp;&nbsp; + &nbsp;&nbsp; InvGain(Insurance Transactions) &nbsp;&nbsp; + &nbsp;&nbsp; InvGain(Capital & Surplus) &nbsp;&nbsp; + &nbsp;&nbsp; Tax
 |}
 <hr>
@@ Line 339: / Line 396: @@
 &nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-18-iee<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <hr>

@@ Line 78: / Line 78: @@
 | [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #17)'''</span>
 || <span style="color: brown;">'''IEE profit (loss):'''</span> <br> - calculate
-|| '''IEE profit (loss)''': <br> - how is it used
+|| <span style="color: brown;">'''IEE profit (loss):'''</span> <br> - how is it used
 || '''rate adequacy''': <br> - based on IEE
 | style="background-color: lightgrey" |

@@ Line 12: / Line 12: @@
 * <span style="color: green;">'''surplus allocation'''</span> - ''calculate the surplus value/ratio, explain & <u>evaluate</u> the method''
 * <span style="color: blue;">'''investment gain'''</span> - ''calculating the investment gain value/ratio''
-* miscellaneous IEE topics - ''impact on stakeholders, profit (loss), prepaid expenses, capital gains, comparison to UIE (U/W & Investment Exhibit)''
+* <span style="color: brown;">'''IEE profit (loss)'''</span> - ''calculating the profit (loss)
 : {| class="wikitable" style="width: 1000px;"
@@ Line 48: / Line 49: @@
 |-
 | [https://www.battleacts6us.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Spring #13)'''</span>
-|| '''pre-tax profit (loss)''': <br> - calculate ratio to surplus
+|| <span style="color: brown;">'''IEE profit (loss):'''</span> <br> - calculate ratio to surplus
 || <span style="color: green;">'''surplus allocation:'''</span> <br> - <u>evaluate</u> method
 | style="background-color: lightgrey" |
@@ Line 76: / Line 77: @@
 |-
 | [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #17)'''</span>
-|| '''IEE profit (loss)''': <br> - calculate
+|| <span style="color: brown;">'''IEE profit (loss):'''</span> <br> - calculate
 || '''IEE profit (loss)''': <br> - how is it used
 || '''rate adequacy''': <br> - based on IEE

@@ Line 55: / Line 55: @@
 |-
 | [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(11).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Fall #11)'''</span>
-|| see [[Odomirok.8-9-IS]]
+|| '''income statement''': <br> - shortcomings ''vs'' IEE
 || '''IEE vs UIE''': <br> - 2 differences
 || '''unrealized capital gains''': <br> - exclude from tot. inv. gain

@@ Line 93: / Line 93: @@
 When I filled in the BattleTable above, it became blazingly obvious what the most important topic was: <span style="color: green;">'''surplus allocation'''</span>. It's also obvious that on the past few exams, they emphasized the calculation of <span style="color: blue;">'''investment gain'''</span>. This gets to the heart of the <u>unwritten rule</u> of Exam 6. ''There is lots of repetition.'' If this weren't the case, nobody would have a chance in hell of passing. Note the very low pass ratios on exams following major syllabus changes.
-There are 2,500 pages of material so there's no way you can learn everything. ''(You could probably pass the exam by restricting your studying to only 200 pages of material - the trick is <u>which</u> 200 pages? That's where BattleActs helps! The wiki articles are way shorter than the actual readings, but still have all the important material.)'' The key is paying attention to what's been asked in the past. Now, the questions usually aren't ''exactly'' the same, but they're close enough so if you know how to solve past questions, you'll have a good chance of answering current questions. But every now and then, they throw in something totally new and that's always tough. To prepare for questions that haven't appeared before, always ask yourself as you're reading the material: ''Would this make a good exam question?'' If you think it would, then write down the question & answer, and <u>memorize</u> it. Sometimes you'll be right, sometimes you won't.
+There are 2,500 pages of material so there's no way you can learn everything. ''(You could probably pass the exam by restricting your studying to only 200 pages of material - the trick is <u>which</u> 200 pages? That's where BattleActs helps! The wiki articles are way shorter than the actual readings, but still have all the important information. Tastes great - less filling.)'' The key is paying attention to what's been asked in the past. Now, the questions usually aren't ''exactly'' the same, but they're close enough so if you know how to solve past questions, you'll have a good chance of answering current questions. But every now and then, they throw in something totally new and that's always tough. To prepare for questions that haven't appeared before, always ask yourself as you're reading the material: ''Would this make a good exam question?'' If you think it would, then write down the question & answer, and <u>memorize</u> it. Sometimes you'll be right, sometimes you won't.
 An interesting aside is that about half-a-dozen articles for Exam 6-US are also on Exam 6-Canada ''(not this one)'' but I can't copy the wiki articles verbatim. You would think I could, but the exam questions are generally different and the wiki articles have to be modified to reflect that. Someone who aces the Canadian questions would likely have trouble with the U.S. questions, and vice-versa, even though the Canadian and U.S. exams purportedly cover the same material.