Fina 4358 - Study guides, Class notes & Summaries

FINA 4358 HOMEWORK 9 Commercial Property Insurance Homework 9 The Production Dynamics, Inc. “retail outlet” is insured under the ISO Commercial Crime Coverage Form that includes the following insuring agreements: • Employee Theft • Inside the Premises – Theft of Money and Securities • Inside the Premises – Robbery or Safe Burglary of Other Property • Outside the Premises Indicate which, if any, of those insuring agreements would cover each of the following losses...

FINA 4358-CHAPTER 1 QUIZ Chapter 1 Introduction to Financial Reporting Homework Q 1-1. Discuss the role of each of the following in the formulation of accounting principles: a. American Institute of Certified Public Accountants – important role in the private sector in establishing GAAP b. Financial Accounting Standards Board – a basis for evaluating the existing standards of financial accounting and reporting c. Securities and Exchange Commission – regulate securities trading...

FINA 4358 HOMEWORK 9 Commercial Property Insurance Homework 9 The Production Dynamics, Inc. “retail outlet” is insured under the ISO Commercial Crime Coverage Form that includes the following insuring agreements: • Employee Theft • Inside the Premises – Theft of Money and Securities • Inside the Premises – Robbery or Safe Burglary of Other Property • Outside the Premises Indicate which, if any, of those insuring agreements would cover each of the following losses. If a...

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? The ‘analyzing exposures’ step in the “risk management process” entails estimating the significance of possible losses identified in the ‘identifying loss exposure’ step. There are four dimensions of analyzing exposures: - Loss frequency: number of losses within a time period - Loss sev...

FINA 4358-CHAPTER 1 QUIZ Chapter 1 Introduction to Financial Reporting Homework Q 1-1. Discuss the role of each of the following in the formulation of accounting principles: a. American Institute of Certified Public Accountants – important role in the private sector in establishing GAAP b. Financial Accounting Standards Board – a basis for evaluating the existing standards of financial accounting and reporting c. Securities and Exchange Commission – regulate securities trading in nati...

FINA 4358 HOMEWORK 9 Commercial Property Insurance

FINA 4358-CHAPTER 1 QUIZ

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? The ‘analyzing exposures’ step in the “risk management process” entails estimating the significance of possible losses identified in the ‘identifying loss exposure’ step. There are four dimensions of analyzing exposures: - Loss frequency: number of losses within a time period - ...

FINA 4358 MODULE 4 ASSIGNMENT Commercial Property insurance Homework Questions Module 4 1. We have quite a markup on our pressure vessels (a $400,000 vessel sells for $750,000). What would we collect if we lose one and why can’t we collect the sales price? Collect $400,000; PDI does not have Manufacturing’s Selling Price. 2. Our main warehouse has a replacement cost of $10 million if we rebuild it out of wood as it now stands. However, I know we’d go back with a steel building...

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? The ‘analyzing exposures’ step in the “risk management process” entails estimating the significance of possible losses identified in the ‘identifying loss exposure’ step. There are four dimensions of analyzing exposures: - Loss frequency: number of losses within a time period - Lo...