CPA PEP
The final examination to become a CPA (Full name)
What is the Common Final Examination (CFE)
The bread and butter of double entry accounting that represents positive and negative entries in the accounting ledger
What is debits and credits?
Adds all of the values in the selected range of cells
What is the "SUM" function?
The company's combined basic Canadian and Provincial Rate
What is 28%?
The parent company of Canada Life
What is Great-West Lifeco?
The number of pre-requisites required to enter CPA PEP
What is 14?
The name of the financial statement the summarizes the earnings of the company
What is the Consolidated Statements of Earnings?
Segregates information between true and false based on particular criteria
What is the "IF" function?
The name of the IFRS standard that relates to taxes
What is IAS 12 Income Taxes?
The three main brands that amalgamated together in 2020 to form The Canada Life Assurance Company.
Great-West Life, London Life and Canada Life
The number of modules to complete before the final CPA exam
What is six?
IFRS standard for insurance contract liabilities
What is IFRS 17?
Joins two or more text strings into one string
What is the concatenate function?
The number of T1134 reporting entities and foreign affiliates (within 20)
What is 281?
The president and COO of Canada, Canada Life
Who is Fabrice Morin
Two of the six technical competency areas
What is: financial reporting, strategy and governance, management accounting, audit and assurance, finance, taxation
A non-GAAP financial measure of the underlying business performance of the company
What is base earnings?
Returns the values in the result range based on the position where a match was found in the lookup range
What is XLOOKUP, VLOOKUP or INDEX/MATCH
The effective date of Global Minimum Tax (for most of our significant operations)
What is January 1, 2024?
The number of employees at Canada Life (within 1000 employees)
What is 13,406?
A group of insurance contracts that represents the unearned profit the Company expects to recognize in the future
What is Contractual Service Margin (CSM)?
Returns the value of the cell in the Longview database
What is the LVCELL function?
Arises when it is not probable that an entity will have future taxable profit to recover a deferred tax asset
What is an unrecognised Deferred Tax Asset?
The year Canada Life was founded (within 10 years)
What is 1847?