01 ct9 handbook - welcome

8/18/2019 01 CT9 Handbook - Welcome

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CT9 Business awareness Online practical exam

Welcome and introduction

This exam has the same learning objectives and syllabus as the face-to-face exam. You will find a copy of

the syllabus in this community.

In order to pass the online exam you must:

• Carry out the preparatory study

• Submit seven exercises at an acceptable standard

• Participate in a business game

• Pass the online exam consisting of multiple choice questions.

More details of these are given below.

The preparatory study must be carried out before the start of the period of 10 working days that you have

selected.

Submission of the seven exercises and participation in the business game must take place within the same

period of 10 working days that you will have selected on your application form.

Participation in the business game is during the allocated 10 day period. All exercises need to be submitted

by 17.00 (UK time) on day 10 of the business game.

The online exam will be available on Friday, 4 weeks following Day 10 of the business game. You must get at

least 75% of the answers correct in order to pass.

If you experience a problem in accessing any of the online learning materials, please explain your problem

and email it to [email protected]. We will aim to respond within 5 working days. If you need toresolve the problem urgently, explain why, and mark the email high priority. Then we will aim to respond

within 2 working days.

Computer requirements for the online exam

You will need a computer with the following:

• Internet access

• A sound card

• Word

• Powerpoint

• Adobe reader

• Access to e-mail

• A printer


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Pass l ist

When you have:

• Been advised that your seven exercises have been completed to an acceptable standard

• Participated in the business game

• Passed the online exam

your name will be published in the monthly pass list. You have to achieve these three requirements on or

before 25th of a month to appear on the pass list for that month.

The pass lists are published on 1st of each month, and will include students who have passed the online test

in the period from the 26th of month one to the 25th of month two inclusive e.g. 26 February - 25 March, pass

list published 1st April.

The online exam

There are four parts to the CT9 online exam

Preparatory study

In order to prepare for the seven exercises, the business game, and the online assessment you must study

the material in the preparatory study document in the community. There are also online tutorials that you

should study, details of which are given in this document.

Seven written exercises

In the community the is a workbook containing seven written exercises, which you must complete. There is aseparate answer book (Word format) containing the answer sheets for you to fill in, which must be returned to

us by 17.00 (UK time) on the final day of the business game.

Business game

The business game takes place over a 10 working day period. A chat room in the online community will allow

you to make introductions and discuss the game as you play. More details about the game are given below.

Online assessment

You will be able to access the online assessment 4 weeks after the end of the business game. It is necessary

to pass this exam to gain a pass in CT9. More details about the assessment are given below.

The Business game

The business game takes place over a 10 working day period. A chat room in the online community will allow

you to make introductions and agree who will complete the audit trail form and submit the decision form. You

will then use the chat room to discuss the game between yourselves as you progress

Before the start of the 10 working day period you must study the player briefing for "The Way Forward"

business game and the accounting notes. You can download these from the i-coach website. See items 3

and 4 on the Preparatory study document.


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Partic ipation in the game

Documents you will need:

• Schedule – the schedule for the business game is available later in this document

• Decision form – this will be posted in the community when the business game starts

• Audi t t rai l form – this will be posted in the community when the business game starts

This is how you will partic ipate in the game:

• On the Friday before the start of the 10 working day period you have selected, you will be advised of

your team. You will be in a team of up to six other 'players'. If it is possible you will be placed in a

team of players within the same time zone. Your team will be competing against up to six other

teams.

• You need to introduce yourself to the other players in your team by posting a short introduction to

yourself in the chat room• Once you have all established contact with each other, you will need to agree, before the start of the

10 working day period:

o Who will complete the audit trail form during the game, and send it to all members of the

team. You do not need to return this form to us.

o Who will submit the decision form to us at the end of each round of the game

• The game will have four rounds so there will be four decision sheets to be submitted

• You must communicate with each other using the chat room during each round in order to agree your

decisions for sending to us.

•

The decision form must be submitted as indicated in the schedule and must confirm that all membersof the team have participated in the decisions. All dates and times are UK time. Your decision sheets

will be processed and the results uploaded to the community in accordance with the schedule. They

will only be visible to your team.

• When we provide the results for each round they will also be posted in the community, and again they

will only be visible to your team. The documents that you will see are:

o your decision sheet for the next round

o the Agenda items for the next round

o and some comments about the results.

• Any team not submitting its decisions on the specified days will be disqualified and its members will

have to play the game again at the next convenient practical exam (for an additional administrationfee). You will not be able to take the online exam until you have taken part in the business game.

Interaction between team members

We would like to clarify the arrangements that we have in place for assisting you in working together during

the game’s decision making process.

We understand that you are working in different time zones and we expect you to work together on the

Business Game to come to solutions for participation that will work for all members of the team. Where

possible we group students together in time zones that are similar, however we cannot always guarantee to

do this.


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The agenda items and decision sheets are available for a period of time that allows for discussions over

several hours. Teams should normally be able to agree a time to meet online to discuss the agenda. Should

a team member not be able to take part at the agreed time, then they should be able to post their comments

in the chat room and the other team members should review these and acknowledge that they have been

taken into account in the main decision making process. If appropriate team members could post a document

to the community with their thoughts. The team should agree among themselves how to proceed, and how to

accommodate a member unable to meet for the discussion.

On the face to face exam, students are only given a period of 40/45 minutes to reach their decision on each

half year. Students on the online exam have a 24 hour period to allow time for all to participate in the

discussion.

Please be considerate to the limitations of all members of the team and arrange your discussions using all the

tools available to you so that all team members can contribute to the discussions and have their views

considered.

Business game schedule

Week Day Act ion

Week 1 Day 1 Practical Exams Team – Business Game Bulletin 1 @ 11.00am (UK

time)

Issue via community documents: Introductory slides +

Decision sheet example

Students: Introduce yourselves to other team members

and decide on Team Name

Day 2 Practical Exams Team – Business Game Bulletin 2 @ 11.00am (UKtime)

Issue via community documents: Half Year 1 Agenda Items

Day 3 Students: Return completed Half Year 1 decision sheet by

11.00am (UK time)

Day 4 Process Half Year 1 decisions

Issue via community documents: results & Half Year 2

Agenda Items

Practical Exams Team – Business Game Bulletin 3 @ 11.00am (UK

time)Day 5 Students: Return completed Half Year 2 decision sheet by

11.00am (UK time)

Week 2 Day 6 Process Half Year 2 decisions

Issue via community documents: results & Half Year 3

Agenda Items


time)

Day 7 Students: Return completed Half Year 3 decision sheet by

11.00am (UK time)


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Day 8 Process Half Year 3

Issue via community documents: results and Half Year 4

Agenda Items


time)

Day 9 Students: Return completed Half Year 4 decision sheet by11.00am (UK time)

Day 10 Process Half Year 4

Issue via community documents: final results


time)

Students should communicate with each other through the online chat room, so that the Practical Exams

Team can ensure that all students are actively taking part in the decision making process.

Students should return their completed decision sheets in time, to the Practical Exams Team at

[email protected] There is no need to return the audit trail sheets to us.

The online assessment

We recommend that the online exam should be taken 4 weeks after the end of the 10 working days period of the

business game. It is necessary to pass this exam to gain a pass in CT9.

• The exam is not timed but should take less than 2 hours to complete.

• You are required to take the exam without assistance from another person. The assessment regulations of

the Institute and Faculty of Actuaries apply as set out in the Examination Regulations, except that you

may refer to any of the material used in your studying for this subject.

o http://www.actuaries.org.uk/students/exam_regulations

• You may take the exam on any computer convenient to you, eg at work or at home. Internet access with

sound will not be required for the exam, only for the tutorials.

• In order to take the exam, you will need to go on to the i-coach website (https://www.i-coach.com) in the

usual way. The exam will automatically become accessible to you four weeks after the end of the business

game.

• The exam has 32 questions and you must achieve at least 24 correct answers in order to pass. You must

answer the questions in the order they appear and once you have submitted an answer you cannot alter it.

• Once you have completed the exam you will be told online whether you have passed or failed.

• If you fail, you may take the test again after 4 weeks, or at any later date. Your access to the i-coach web

site will expire and details of the expiry date will be given in the email we send you about the exam

availability. You may take the exam as many times as necessary in order to pass it.

• The Registrar will be able to monitor how many times you take the exam before passing it but this will only

be used for generic management information purposes.