CT9 Business awarenessOnline 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 to resolve 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 There is a separate answer book (Word format) containing the answer sheets for you to fill in. 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. . and the online assessment you must study the material in the preparatory study document in the community. Seven written exercises In the community the is a workbook containing seven written exercises. The Business game The business game takes place over a 10 working day period. 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. There are also online tutorials that you should study.Pass list 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. which must be returned to us by 17.g.25 March. A chat room in the online community will allow you to make introductions and discuss the game as you play. You can download these from the i-coach website. which you must complete. Online assessment You will be able to access the online assessment 4 weeks after the end of the business game. Business game The business game takes place over a 10 working day period. The online exam There are four parts to the CT9 online exam Preparatory study In order to prepare for the seven exercises. 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. details of which are given in this document. It is necessary to pass this exam to gain a pass in CT9. See items 3 and 4 on the Preparatory study document. You have to achieve these three requirements on or before 25th of a month to appear on the pass list for that month. pass list published 1st April. More details about the assessment are given below. More details about the game are given below. 26 February . the business game.00 (UK time) on the final day of the business game. All dates and times are UK time. • When we provide the results for each round they will also be posted in the community. If it is possible you will be placed in a team of players within the same time zone. They will only be visible to your team. • The decision form must be submitted as indicated in the schedule and must confirm that all members of the team have participated in the decisions. however we cannot always guarantee to do this. you will be advised of your team. • 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 administration fee). 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. and again they will only be visible to your team. You will not be able to take the online exam until you have taken part in the business game. • 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. and send it to all members of the team. You do not need to return this form to us. 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. . 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. Where possible we group students together in time zones that are similar. You will be in a team of up to six other 'players'.Participation 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 Audit trail form – this will be posted in the community when the business game starts This is how you will participate in the game: • On the Friday before the start of the 10 working day period you have selected. 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. Your decision sheets will be processed and the results uploaded to the community in accordance with the schedule. Your team will be competing against up to six other teams. 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. If appropriate team members could post a document to the community with their thoughts.00am (UK time) ¾ Issue via community documents: Half Year 1 Agenda Items Students: Return completed Half Year 1 decision sheet by 11. The team should agree among themselves how to proceed.00am (UK time) ¾ ¾ Process Half Year 1 decisions Issue via community documents: results & Half Year 2 Agenda Items Practical Exams Team – Business Game Bulletin 3 @ 11. On the face to face exam. and how to accommodate a member unable to meet for the discussion. Should a team member not be able to take part at the agreed time. Business game schedule Week Week 1 Day Day 1 Day 2 Day 3 Day 4 Day 5 Week 2 Day 6 Day 7 Action Practical Exams Team – Business Game Bulletin 1 @ 11. 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. students are only given a period of 40/45 minutes to reach their decision on each half year.00am (UK time) ¾ ¾ Process Half Year 2 decisions Issue via community documents: results & Half Year 3 Agenda Items Practical Exams Team – Business Game Bulletin 4 @ 11.00am (UK time) .The agenda items and decision sheets are available for a period of time that allows for discussions over several hours.00am (UK time) Students: Return completed Half Year 3 decision sheet by 11. Teams should normally be able to agree a time to meet online to discuss the agenda.00am (UK time) Students: Return completed Half Year 2 decision sheet by 11. 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.00am (UK time) ¾ Issue via community documents: Introductory slides + Decision sheet example ¾ Students: Introduce yourselves to other team members and decide on Team Name Practical Exams Team – Business Game Bulletin 2 @ 11. Students on the online exam have a 24 hour period to allow time for all to participate in the discussion. 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. The assessment regulations of the Institute and Faculty of Actuaries apply as set out in the Examination Regulations. only for the tutorials. • If you fail. • The exam is not timed but should take less than 2 hours to complete. you may take the test again after 4 weeks. You must answer the questions in the order they appear and once you have submitted an answer you cannot alter it. 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 exam has 32 questions and you must achieve at least 24 correct answers in order to pass.actuaries. It is necessary to pass this exam to gain a pass in CT9.i-coach. • You are required to take the exam without assistance from another person.uk There is no need to return the audit trail sheets to us. • In order to take the exam.org. except that you may refer to any of the material used in your studying for this subject.00am (UK time) Students should communicate with each other through the online chat room.uk/students/exam_regulations • You may take the exam on any computer convenient to you.00am (UK time) Students: Return completed Half Year 4 decision sheet by 11.00am (UK time) ¾ ¾ Process Half Year 4 Issue via community documents: final results Practical Exams Team – Business Game Bulletin 6 @ 11. you will need to go on to the i-coach website (https://www. . to the Practical Exams Team at online_exams@actuaries. • 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. eg at work or at home.com) in the usual way. • Once you have completed the exam you will be told online whether you have passed or failed. 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. The exam will automatically become accessible to you four weeks after the end of the business game.org.Day 8 Day 9 Day 10 ¾ ¾ Process Half Year 3 Issue via community documents: results and Half Year 4 Agenda Items Practical Exams Team – Business Game Bulletin 5 @ 11. Internet access with sound will not be required for the exam. or at any later date. o http://www.