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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.
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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
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