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【正文】 y a four hourexamination. Fundamentals of Actuarial Practice The eLearning ponent of ASA level education (previously referred to as the ASA Course) has an official new name Fundamentals of Actuarial Practice (FAP) Course. As introduced in the August 2003 report, the module topics will be presented in the context of a control cycle. Module 1, Role of the Professional Actuary: Provide the basic framework for actuarial work and functions using a control cycle as a framework. Module 2, Core External Forces: Provide an understanding of how core external forces, outside of the actuary39。Credits earned prior to 2000 will first be converted to the current system before applying this conversion map to determine credits under the new system. Candidates will be able to earn an ASA using the current courses and ASA rules through 2006. The APC may be taken at any time following pletion of the prerequisite courses. The FAP Modules, FAP Exams, new FSA Exams and FSA Modules may not be used to satisfy any part of the current ASA requirements. Depending on his or her individual record, a candidate who is not an ASA may earn credit for certain FSA Exams or Modules through conversion. However, all of the ASA requirements must be met in order to achieve the ASA designation. Unused PD credits earned from passing the pre2000 Course 120 (Applied Statistical Methods) may be used for the validation of Applied Statistics. However, if this option is elected then these PD credits may not be used to satisfy any other requirements. Successful pletion of EA2, Segment A and/or EA2, Segment B will give the candidate credit for specified portion(s) of the FSA ponent for the . Pension track. We expect that candidates will receive conversion transcripts following the release of grades from the May 2004 examination session. Candidates may submit questions on any aspect of the redesign to eq2005 or ombudsperson20 / 20。Unused PD credits earned from passing the pre2000 Course 220 (Introduction to Asset Management and Corporate Finance) may be used for validation of Corporate Finance and for validation of Economics. However, if this option is elected then these PD credits may not be used to satisfy Effective January 1, 2006, if a candidate has PD credits because of the 2000 conversion, they may file and execute their PD plan before pleting the current Courses 18. Credit for the FSA capstone module does not give credit for the FAC. All candidates with the ASA designation will retain that designation. However, in order to obtain an FSA, the candidate will need to have credit for all of the educational requirements including all portions of the new FAP Course. Pricing b. Examination CSP Company/Sponsor Perspective 2. Several elearning modules that will use the same Internetbased systems as the FAP course 3. A capstone module or seminar 4. The Fellowship Admissions Course (FAC) Conversion Mapping In establishing conversion rules, the major motivating factor was simplicity while assuring a balance of equity and equivalence. This plan does not involve the granting of partial credits or the splitting of the new examinations. The conversion mapping has been adjusted to reflect many of the ments we received on the Summer 2003 Report to the Membership on the Education Redesign. In addition, the ASA Course has been formally named Fundamentals of Actuarial Practice (FAP) Course, as described earlier. The following table outlines the conversion mapping and additional rules. Additional rules and considerations: validated by a twohour examination. Exam P, Probability: Probability and supporting calculus。Business Law Linear Algebra Hard copies may be purchased by using the Study Note and Published Reference order form in
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