Corporate Mgmt & Financial Reporting

Corporate Mgmt & Financial Reporting

1. Actuaries & Corporations

   • Actuary's Role in Corporate Mgmt & Financial Reporting
   • Corporate Governance/Shareholder Relationship
   • Conceptual Framework of Financial Reporting
   • Fundamentals/Conventions of Accounting

2. Corporate Management & Financial Reporting

   • Corporate Governance & Structure
   • Agency Theory
   • Financial Statements

3. Financial Statements & Ratio Analysis

   • Corporate Decision Making
   • Financial Statement Ratio Analysis
   • Limitations of Analysis

4. Issues in Financial Reporting

   • Accounting for Non-Cash Adjustments
   • Gearing

5. ACTL1122

   • Actuarial Role in Insurance, Risk & Capital Management
     • Insurance Provisions & Reserves
       • Insurance Accounting
       • Underwriting Statement
       • Nature of Insurance Liabilities
       • Basic Chain Ladder Method
       • Interpreting Trends & Anomalies
       • The Need for Reserving for Outstanding Claims
     • Mathematical Methods
       • Actuaries & Empirical Methods
       • Linear Interpolation
       • Normal Approximation
       • Central Limit Theorem
     • Capital Management
       • Reinsurance
         • Insurance Capital Mgmt
         • Need for Reinsurance
         • Reinsurance Policy Types
         • Valuing Excess-of-Loss Contracts
           • ACTL1101
             • Principle of Equivalence
         • Reinsurance & Capital Efficiency
       • Correlated Risks
         • Defining Correlated Risks
         • Correlation & Covariance
         • Mathematics of Risk Pooling & Diversification
         • Managing Correlated Risks
         • Risk Margins