Accounting for Financial Institutions / ACCT 405

Notes:

●The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

●Assignments submitted through email will not be accepted.

●Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.

●Students must mention question number clearly in their answer.

●Late submission will NOT be accepted.

●Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

●All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

●Submissions without this cover page and questions will NOT be accepted.

Assignment Question(S): Each Question Carries 5 Marks

1.Financial institutions have the option to use fair value accounting, discuss advantages and disadvantages of using fair value accounting by financial institutions. Write no less than 300 words.

Answer:

2.Explain similarities and differences between financial statements format in banks and financial statements in non-financial corporates in terms of preparations and presentation of financial statements. Write no less than 300 words.

Answer:

3.Saudi financial institutions apply international standards in measuring risks; explain how Saudi banks measure credit risk, market risk and operational risk. Write no less than 500

Answer:

College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 02/03/2024 @ 23:59
Course Name: Insurance Accounting
Student’s Name:
Course Code: ACCT 424
Student’s ID Number:
Semester: 2nd
CRN:
Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Mohammed Arshad Khan
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
● The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
● Assignments submitted through email will not be accepted.
● Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
● Students must mention question number clearly in their answer.
● Late submission will NOT be accepted.
● Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
● All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
● Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
1. For a payment known as premium, insurance entities agree to relieve
the policyholder of all or part of a risk and to spread the total cost of
similar risks among large groups of policyholders. In the light of this
sentence explain the various types of Insurance.
(5 Marks)
2. Adjustments to premium written and unearned premiums can result
from Cancellation, Endorsement, Audit Premiums and Retrospective
Premium Adjustments. Explain in detail.
(5 Marks)
3. The reporting and payment characteristics of an entity’s losses will
differ depending on the types of policies written. Insurance policies
may be categorized in several different ways like policy duration, type
of coverage provided and the kind of insurance underwritten. Explain
in detail.
(5 Marks)
College of Administration and Finance Sciences
Assignment 1
Deadline: 2/3/2024 at 23.59 pm
Course Name: Accounting for Financial
Institutions
Student’s Name:
Course Code: ACCT 405
Student’s ID Number:
Semester: 2nd semester of 2024
CRN:
Academic Year: 1444/1445
For Instructor’s Use only
Instructor’s Name: Dr. Ashfaque Ahmed
Students’ Grade: / 15
Level of Marks: High-Middle-Low
Notes:
● The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
● Assignments submitted through email will not be accepted.
● Students are advised to make their work clear and well presented; marks may be reduced for
poor presentation. This includes filling your information on the cover page.
● Students must mention question number clearly in their answer.
● Late submission will NOT be accepted.
● Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
● All answered must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism).
● Submissions without this cover page and questions will NOT be accepted.
1 of 2
Assignment Question(S): Each Question Carries 5 Marks
1. Financial institutions have the option to use fair value accounting, discuss
advantages and disadvantages of using fair value accounting by financial
institutions. Write no less than 300 words.
Answer:
2. Explain similarities and differences between financial statements format in
banks and financial statements in non-financial corporates in terms of
preparations and presentation of financial statements. Write no less than 300
words.
Answer:
3. Saudi financial institutions apply international standards in measuring risks;
explain how Saudi banks measure credit risk, market risk and operational risk.
Write no less than 500
Answer:
2 of 2