Accounting Question

College of Administration and Finance Sciences
Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Accounting of Financial
Institutions
Student’s Name:
Course Code: ACCT 405
Student’s ID Number:
Semester: 1st
CRN:
Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Habiba Moabber
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• Submissions WITHOUT THIS COVER PAGE will result in ZERO marks.
No other attempt will be given for this reason.
• 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.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
1) Choose a Saudi commercial bank and discuss its financial statements
structure
in
light
of
what
we
covered
in
(Minimum of 300 Words)
our
course.
(5 Marks)
2) Write an in detail essay describing securitizations and how it is used by
financial institutions. (Answer should not be less than 200 words)
(5 Marks)
3) Explain the Tabular Format, Sensitivity Approach and Value at Risk
Approach in terms of their Strengths and Weaknesses.
(Answer should not be less than 150 words)
(5 Marks)
College of Administration and Finance Sciences
Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Insurance Accounting
Student’s Name:
Course Code: ACCT 424
Student’s ID Number:
Semester: 2nd
CRN: 24031
Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Salah Oraby
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 Questions:
(Marks 15)
1. Line of Insurance can further be classified as primary coverage or
reinsurance assumed. Primary coverage involves policies written
between an insurer and a customer directly. Reinsurance coverage
involves the transfer of the insurer’s risk to a reinsurer. Explain the
various types of reinsurance in detail.
(5 Marks)
2. Define an Insurance Company as per Federal Income Taxation. State
the conditions for an Insurance company to be treated as Tax Exempt.
(2 Marks)
3. What are primary methods used to assess guaranty funds assessments
for property and liability insurance firms? Explain them. (3 Marks)
4. Pass the Journal Entries of the following transactions for Takaful
Products:
(5 Marks)
a) Contribution made by new the participants SAR 10,000,
Contribution made by renewal participants SAR 5000
b) Commission given to the agent SAR 2000
c) Portfolio Investment made by Takaful Operators SAR 12,000
d) Management Expenses incurred For fund manager SAR 3,000
e) Selling of Investment Assets of worth SAR 8500 sold for SAR 9000