CT2-PU-15.pdf - CT2 CMP Upgrade 2014/15 Page 1 Subject CT2...

This preview shows page 1 - 4 out of 48 pages.

CT2: CMP Upgrade 2014/15 Page 1 The Actuarial Education Company © IFE: 2015 Examinations Subject CT2 CMP Upgrade 2014/2015 CMP Upgrade This CMP Upgrade lists all significant changes to the Core Reading and the ActEd material since last year so that you can manually amend your 2014 study material to make it suitable for study for the 2015 exams. It includes replacement pages and additional pages where appropriate. Alternatively, you can buy a full replacement set of up-to-date Course Notes or CMP at a significantly reduced price if you have previously bought the full price version in this subject. Please see our 2015 Student Brochurefor more details. This CMP Upgrade contains: All changes to the Syllabus objectives and Core Reading. Changes to the ActEd Course Notes, Series X Assignments and Question and Answer Bank that will make them suitable for study for the 2015 exams.
Page 2 CT2: CMP Upgrade 2014/15 © IFE: 2015 Examinations The Actuarial Education Company 1 Changes to the Syllabus objectives and Core Reading 1.1 Syllabus objectives Objective (ix) 4 has been updated to replace “income statements” with “statements of profit or loss” and now reads: (ix) Describe the basic construction of accounts of different types and the role and principal features of the accounts of a company. 4. Construct simple statements of financial position and statements of profit or loss; understand and interpret cash flow statements. 1.2 Core Reading (terminology changes) The following names have been changed throughout the Core Reading and associated ActEd text: income statementchanged to statement of profit or loss stocksto inventories(and stock turnover periodto inventory turnover period) net profit before taxto profit before taxholding companyto parent companydebtorsto trade receivables(and debtor turnover periodto trade receivables turnover period) creditorsto trade payables(and creditor turnover periodto payables turnover period). This upgrade does not mention every occurrence individually.1.3 Core Reading (changes to content) Chapter 2 Page 6 The section on “Legal and accounting documentation” has been updated. A replacement page 5/6 is attached. On page 7, you should then put a line through the top paragraph.
CT2: CMP Upgrade 2014/15 Page 3 The Actuarial Education Company © IFE: 2015 Examinations Page 9

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture