What must john smith do now to successfully complete soa

Assignment Help Financial Accounting
Reference no: EM132958259

Assessment information You work as a trainee financial adviser with ZYX Financial Services Pty Ltd (ZYX). As part of your training, your supervisor has asked you to review an example statement of advice. Instructions to complete this assessment In order to complete this assessment, you are required to complete the following sections consecutively. Details and specific instructions are provided within each section and on the form/templates provided.
Supporting documents

"John Smith Statement of Advice November 2014"

Problem 1. John Smith has asked for advice about his life insurance, income continuance insurance and trauma insurance. The SOA provides recommendations for each of these insurances (P32). In order to comply with industry regulations, what must the adviser do before these products transfer risk to the insurance companies?

Problem 2. Has the adviser to John Smith clearly explained the characteristics, benefits and impacts of switching financial products to John Smith?

Problem 3. The SOA presents appropriate financial products and services to John Smith. What must John Smith do now to successfully complete this SOA process?

Reference no: EM132958259

Questions Cloud

Which stools should they produce first to maximize profit : If The Chair Company has unlimited demand for both types of stool, but only 40 hours per week to assemble the stools, which stools should they produce
Which is not true regarding advantages of using indefinite : Which is NOT true regarding the advantages of using indefinite-delivery contracts? It permits Government stocks to be maintained at minimum levels.
Compute what is a expected return from the investment : A's broker has brought an off-market real estate investment deal to his attention. "B" would like to know what is A's expected return from this investment?
Prepare cost of production report : Prepare cost of production report under the following assumptions: The estimated value of the spoiled units is P12.00 each
What must john smith do now to successfully complete soa : Has the adviser to John Smith clearly explained the characteristics, benefits and impacts of switching financial products to John Smith?
How much will be reported as goodwill on company x : Campaign to maintain the newly acquired goodwill from the purchase. How much will be reported as goodwill on Company X's December 31, Year 3 balance sheet?
What amount of goodwill as a result of the acquisition : Nelson should record what amount of goodwill as a result of this acquisition? Nelson Corp. paid $1,000,000 cash to purchase 100% of the outstanding common stock
How much would Stock ABC be worth today : The company will maintain the dividend growth rate at 10% per year forever. How much would Stock ABC be worth today if its yearly required rate of return is 12%
Prepare the consolidation worksheet entries to recognize : Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the December 31, 2021

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd