REDIRECT – Our CPCU 540 Study Guides are Here!
We’ve loaded our study materials e-bundle with tons of content to help you grasp all the tricky concepts:
Study Guide Outlines: The cornerstone of our review materials is our study guide outlines, which condense each chapter to several pages of key terms, major concepts, and other important lists of information. The clean outline format makes it easy to see how the details presented are related to each other.
Introductory Lessons: Based on our popular blog post series CPCU 540 Fundamentals, we have included lessons on topics that we think you should understand before you start reading your textbook. These lessons cover topics that are referred to all thorough the book from start to finish, but aren’t explained well right off the bat. If you don’t know these concepts upfront, you might not fully grasp what is being said every time the textbook makes mention of them. We help you solve that problem by teaching you these concepts right upfront.
Help with Formulas: CPCU 540 is notorious for the many, many formulas covered that aren’t all provided for you on the exam. Our e-bundle includes a number of tools to help you: a formulas module that explains each formula in detail, convenient quick reference sheets that list out the formulas, and a handout entitled “How to Memorize CPCU Formulas” outlining a method that allows you to create a cheat sheet for yourself on test day.
How to Solve GAAP Problems: One of the trickiest elements of the CPCU 540 test is understanding how to read GAAP statements and draw conclusions. Because what constitutes “good financial results” is relative depending on the company and their situation, there aren’t that many hard and fast rules about what to look for. We compiled a list of tips on how to navigate solving GAAP problems, and give examples for you to see how those tips apply.
GAAP vs SAP Table: Prior test-takers consistently mention that the test will include questions about the differences between these two accounting methods. We provide a convenient table that shows the main differences side-by-side, so you can easily compare and contrast them at a glance.
IRIS Ratios: One thing you’ll learn about in CPCU 540 is how government regulators monitor insurance companies’ performance to ensure that the insurers don’t go bankrupt. Our quick reference sheet lists out all the IRIS ratios, what they tell you, and what the government’s acceptable values are for those ratios.
Practice Problems: The old saying “practice makes perfect” is absolutely true when it comes to CPCU math problems, so we have a whole bunch of extra problems for you to practice on. We even included walk-throughs for all the variations of the cash flow valuation problems, showing you how to use the tables that will be provided to you on the test.
CPCU 540 Study Guide e-Bundle – Only $18.99
- For use with 3rd edition textbook
- FREE lifetime updates (whenever we update our materials, you get access to the new version at no additional charge)
- Delivered instantly as PDF (up to 5 download attempts within 1 year of purchase date)
- Includes:
- Study Guide
- BONUS: Introductory Lessons
- BONUS: Formulas Module
- BONUS: Formulas Cheat Sheets
- BONUS: How to Memorize CPCU Formulas
- BONUS: GAAP Formulas & Ratios Practice Problems
- BONUS: How to Do GAAP Financial Statement Analysis
- BONUS: GAAP vs SAP Reference Sheet
- BONUS: IRIS Ratios Reference Sheet
- BONUS: Cash Flow Valuation Practice Problems (with walk-throughs)
Disclaimers: The Institutes, CPCU®, and AINS® are trademarks of the American Institute For Chartered Property Casualty Underwriters, d/b/a The Institutes. InsuranceExamGuides.com is not affiliated or associated with The Institutes in any way, and The Institutes do not endorse, approve, support, or otherwise recognize InsuranceExamGuides.com or its products or services. CPCU® and AINS® are registered trademarks of The Institutes. All rights reserved.
Tips for Double-Checking Your Test Answers
One topic of debate is whether or not you should double-check your test answers before you click SUBMIT. Some people find that double-checking all of their work is beneficial because it gives them an opportunity to look at the test questions again without the pressure of knowing you still have unanswered questions to get to. Others find that their first intuition tends to be right, so going back to double-check everything can be a dangerous source of doubt. Regardless of which camp you fall into, we have some tips to help you be more effective when it comes to double-checking your work.