IOA历年考试真题ct2.pdf

Faculty of Actuaries Institute of Actuaries EXAMINATION April 2005 Subject CT2 Finance and Financial Reporting Core Technical EXAMINERS REPORT Introduction The attached subject report has been written by the Principal Examiner with the aim of helping candidates. The questions and comments are based around Core Reading as the interpretation of the syllabus to which the examiners are working. They have however given credit for any alternative approach or interpretation which they consider to be reasonable. M Flaherty Chairman of the Board of Examiners 15 June 2005 Faculty of Actuaries Institute of Actuaries Subject CT2 (Finance and Financial Reporting Core Technical) April 2005 Examiners Rep ort 1 B 2 A 3 C 4 D 5 C 6 D 7 C 8 C 9 D 10 B 11 The principal test is whether Company A can control Company B. There are some guidelines for the measurement of control in the Companies Act and accounting standards. This could happen if Company A has purchased more than 50% of the voting shares. Control might also arise if Company A can appoint or remove directors to or from the board of Company B, particularly if it could control more than 50% of the votes at board meetings in this way. Company A might also be able to exercise a dominant influence over Company B, for example by entering into a contract that gives Company A the ability to exercise control. 12 Probability trees are used to organise complex decisions where the choices available at any stage will be