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implied assets

This came up in a question on pg 10 of the 2009 released essay questions. Are implied assets and implied liabilities no longer in the curriculum? I did not see them in the CFAI glossary/index.

Yeah, this one caught me by surprise too.

NO EXCUSES

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Those tricky dickies!

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No luck, it's still there.

"A notable implied asset for many is the present value of one’s employment capital, often referred to as human capital or net employment capital. Expected pension benefits are another implied asset that, although non-tradable, provide specific value to the investor."
(V2, p. 225).

This is different from what I got from Schweser, though.

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its just human capital shun, lay off the Schweze.

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gotcha. hit that section tomorrow. again. sigh

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