The exam review information has been posted in the group forum. Please print yourself and bring it to the review session.
There is a mistake in the Q3 of the exercise. The following original text is wrong:
“4 September 2011 Some furniture was sold for $19,000. The furniture originally cost $17,500.”
It should be corrected as below:
“4 September 2011 Some furniture was sold for $17,500. The furniture originally cost $19,000.”
There is no change in the solution.
The exercise question has been corrected accordingly and you may download it again.
The exercise solution and exam review have been posted on the Group Forum. Should you have any problem accessing them, do let me know.
The IS exam review has been posted to the IS Group Forum.
The Maxman Example at the end of the Pension Accounting handout is a good illustration on the accounting treatments.
Please pay special attention on the method to get the actuarial gains/losses for the year. Actuarial gains/losses can arise from the pension obligation as well as from the plan assets. The Maxman example should have shown them clearly. Both the gains or losses should be fully recognised in the OCI section at the end.
No matter how much you can calculate, don’t skip any verbal writing parts. You will then have a higher chance to get pass even though you are not brilliant in calculation.
Greenwich sent a further revision on the answer. I have added it to the zip file. Please re-download it from the last link.
The Group Forum requires login to access. Anyway, here you may get the 2013 Jan CIA Exam Review shown in the review session.
You should prepare for the exam with the exercises sent directly from University of Greenwich as below:
The revision materials for the CIA exam in Jan 2012 has been ready at the Group Forum
Welcome to SELF-LEARN-IT.
Edward Burger and Michael Starbird suggest 5 learnable habits, specifically, understand deeply; make mistakes; raise questions; follow the flow of ideas; and change.
It would be great that you can get used to the habits through sharing and collaborating with others.