Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Financial Mathematics
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when new jobs meet your skills and objectives.


Financial Mathematics Old FM Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-23-2019, 06:09 PM
Berkmaster Berkmaster is offline
SOA
 
Join Date: Jun 2019
College: CSUN
Posts: 25
Default Finan's Text

I've been reading recently that Finan's book has a significant amount of material that isn't on the FM exam any more. In particular, pretty much everything from section 57 and on, other than interest rate swaps. Can anyone confirm this please?

The link to the book, and thus, the table of contents is:

https://faculty.atu.edu/mfinan/actuarieshall/mainf.pdf

Thank you very much.
Reply With Quote
  #2  
Old 10-23-2019, 06:28 PM
rebel_ao rebel_ao is offline
CAS SOA
 
Join Date: Aug 2019
Posts: 22
Default

Why don't you just check the free samples of ASM and Actex for Exam FM? That would be much easier as opposed to relying on what forum members have to say. Or cross reference Finan's text with the Exam FM Syllabus for the month you're writing in.
Reply With Quote
  #3  
Old 10-24-2019, 02:57 AM
Berkmaster Berkmaster is offline
SOA
 
Join Date: Jun 2019
College: CSUN
Posts: 25
Default

Because any syllabus won't be as exact as the opinions of people who are currently studying for or have just recently taken the exam. They will know much more precisely what is covered and what is not.
Reply With Quote
  #4  
Old 10-24-2019, 07:17 AM
jubair07 jubair07 is offline
Member
SOA
 
Join Date: Jan 2016
Studying for Exam IFM
College: BEng Aerospace Engineering
Posts: 173
Default

Quote:
Originally Posted by Berkmaster View Post
I've been reading recently that Finan's book has a significant amount of material that isn't on the FM exam any more. In particular, pretty much everything from section 57 and on, other than interest rate swaps. Can anyone confirm this please?

The link to the book, and thus, the table of contents is:

https://faculty.atu.edu/mfinan/actuarieshall/mainf.pdf

Thank you very much.
I studied for FM in June exclusively with Finan's book. But you can check the syllabus and follow what is included or not. For June exam and it's syllabus, the following was not required:

Derivatives except Interest Rate Swaps : 57-75 (read the Interest Rate Swaps but do the SOA problems as they are more closer to what you will be asked in the exam)

Sinking Fund Method: 39
Serial Bonds: 47
Short Sales: 50

+ read the SOA notes given and it should match I presume.
__________________
Exam P Exam FM IFM
Reply With Quote
  #5  
Old 10-24-2019, 10:02 AM
Berkmaster Berkmaster is offline
SOA
 
Join Date: Jun 2019
College: CSUN
Posts: 25
Default

Thank you very much for your helpful response.
Reply With Quote
  #6  
Old 10-24-2019, 05:17 PM
Academic Actuary Academic Actuary is offline
Member
 
Join Date: Sep 2009
Posts: 9,149
Default

Section 35 on investment allocation hasn't been on for close to 10 years now. A problem with Finan is he has a lot of formulas that are based on using tables and are not necessary if you use the calculator and adjust the interest rate to the effective rate per payment period.
Reply With Quote
  #7  
Old 10-24-2019, 07:48 PM
Berkmaster Berkmaster is offline
SOA
 
Join Date: Jun 2019
College: CSUN
Posts: 25
Default

There is certainly an abundance of formulas in Finan but I have just started solving each problem from basic principles rather than using those very convoluted formulas. I still greatly enjoy the text, other than the abundance of typos.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 12:49 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.16001 seconds with 11 queries