Fina 4358 - Study guides, Class notes & Summaries

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 i...

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 ...

FINA 4358 MODULE 2C ASSIGNMENT Commercial Property Insurance Homework Questions 2c Module 2c The following questions pertain to the use of the Special Cause of Loss Form: 1. A PDI worker accidentally tossed an expensive piece of electronic equipment into the furnace at the manufacturing plant. Is this covered? Yes, friendly fire loss is covered under special cause form. 2. The guest residence in Clear Lake was severely damaged by fire. Actually, most of the damage was from smoke stain...

FINA 4358 MODULE 5 ASSIGNMENT QUESTIOND AND ANSWERS Commercial Property Homework Questions Module 5 1. With respect to PDI’s condominium in New York City, how can PDI determine where the dividing line lies between a condominium association’s interests and PDI’s interests? Using the Condominium Association Agreement-Pertinent documents 2. I’m getting some confusing information from our property manager in New York. It seems that the Office Park Condominium Association (OPCA) in...

FINA 4358 MODULE 5 ASSIGNMENT QUESTIOND AND ANSWERS Commercial Property Homework Questions Module 5 1. With respect to PDI’s condominium in New York City, how can PDI determine where the dividing line lies between a condominium association’s interests and PDI’s interests? Using the Condominium Association Agreement-Pertinent documents 2. I’m getting some confusing information from our property manager in New York. It seems that the Office Park Condominium Association (OPCA) in New Y...

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 f...

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 i...

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...

FINA 4358 MODULE 2C ASSIGNMENT Commercial Property Insurance Homework Questions 2c Module 2c The following questions pertain to the use of the Special Cause of Loss Form: 1. A PDI worker accidentally tossed an expensive piece of electronic equipment into the furnace at the manufacturing plant. Is this covered? Yes, friendly fire loss is covered under special cause form. 2. The guest residence in Clear Lake was severely damaged by fire. Actually, most of the damage was from smoke st...

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1