Category: Accounting

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: 2nd-23-24 CRN: Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Ashfaque Ahmed 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.
Assignment Question(s): (Marks 15)
Choose a Saudi commercial bank and discuss its financial statements structure in light of what we covered in our course. (Minimum of 300 Words) (5 Marks)
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)
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)

Extra Credit Memo
The global pandemic that we are living through is something that businesses, big or small, did not plan for or imagine could happen. Now, many businesses, again both big and small, are having to shut down and face losing normal revenues for the foreseeable future. Many business owners have been faced with having to cut employees pay or lay off employees all together. Small businesses are having to find creative ways remain afloat during this time.
The unknown still lies ahead and business owners do not know how long this will last or the severity of what this will do to their business.
Going forward, businesses will learn to plan for this incase anything like this happens again. Disaster plans for pandemics will become a topic of discussion among top management and lessons will be learned and changes will be made in case there is a “next time.”
You are living through history and this will likely affect the way business conducts themselves in ways we could not have imagined a month ago. Much like the fraud scandals that you will be writing your final memos on, this pandemic will reshape the business world.
For up to 50 points added to your lowest “total grade” (so if your homework total out of 200 is your lowest grade I will add 50 points or if your exam 3 grade out of 200 is lowest I will add 50 points to it, etc.) I want you to write a 2-page memo responding to this crisis businesses find themselves in.
You can complete this memo in many different ways. I have listed some ideas below.
This will be due on the day the final memo is due, May 11, 2024 by 11:00PM.
Topic Ideas:
Put yourself in the place of a small business (grocery store, local restaurant, lawn care company, small boutique, etc.) and write how you would recommend responding to this crisis. You can research what programs have been passed by the Federal Government to help small businesses and use it in your plan of action.
Respond to how this pandemic has affected you from a business standpoint- are you having to work from home, is your business doing live sales on social media, is a restaurant offering delivery or curb side.
Write a “plan of action” for a future crisis that is similar to the one we are in currently. If you were asked to be on the brainstorm team next year to come up with a contingency plan, what would you recommend.

You will only be writing for Goal #1 and Goal #2. From the writing #5 “I can see clearly now” doc you will fulfill Goal #1 which is also attached with instructions and paper expectations for Goal one. And for Goal number #2 you will see the instructions attached below as well. My career goal is become a CPA (Cerified Public Accounting) so please use website listed in Goal #2 to research and answer questions. For any question feel free to send a chat.

LResearch the following 3 questions from a global perspective and prepare a 2-page paper (double-spaced, 1-inch margins, 12-point font) in which you discuss each one of the following questions separately:
How would a multinational company benefit from a decentralized management control system?
What issues would a multinational company face in establishing global-wide performance measurement standards?
What should a multinational company consider when defining its boundary and belief systems?

There are two separate accounting questions. Each question is required to be solved separately using Excel . From the three months transactions Prepare:
In excel – journal entry for the three months
In excel – post the journal entry to ledgers and calculate one balance (total) amount for each account.
In excel – Prepare trial balance at the end of March
In excel – Prepare adjusting entries at the end of March (You have to prepare adjusting entries for the three months period – refer to Module 4)
In excel, prepare income statements, balance sheet and statement of retained earnings
In excel, prepare closing entries and post-closing trial balance

Please see the attached files to complete the assignment. I attached also power point and word document that can be helpful for the assignment.

Final Memo Guidelines
I feel it is necessary that you be aware of how fraud happens and what to watch out for regarding account policies and internal controls that may raise red flags. I also feel it is important that you have an understanding of the large corporate scandals that have shaped the way accounting and business is done today.
For your final, I want a memo that is a 2-page maximum. As business majors, I feel it is important to start learning to be concise and to the point with your writing. Think of it as turning a memo into your boss. Your boss or manager is going to want something to the point, he or she does not usually have time to read extra fluff.
In your memo, I want you to reflect on the accounting policies and/ or internal control concepts that were broken or disregarded in the scandal or fraud. Think back to topics covered in class, refer to at least 5 concepts that we covered in class during the semester. You do not need to give definitions of the concepts, instead use them in referring to the scandal or fraud that demonstrates your knowledge on the topic.
You may choose from the following documentaries to watch/articles to read. You will need to choose one to do your memo on. If you are interested in something that is not in this list, email me to have your topic approved. (If you wish to watch documentaries on the ones that have articles that is fine, please send me what you wish to watch for approval)
Topics to choose from:
Enron: https://www.journalofaccountancy.com/issues/2002/apr/theriseandfallofenron.html
Collin Street Bakery Article: https://features.texasmonthly.com/editorial/just-desserts/
Bernie Madoff: https://www.youtube.com/watch?v=AO4CIPuaTJ4
WorldCom: https://www.youtube.com/watch?v=UbhULPi6CQk
There are plenty of other cases- if you wish to choose one just send me an email and we can discuss.

A Well stated thesis/topic – understandable? What is the author (the student) trying to do? 5 pts.
Analysis of Topic – 40 pts.
Clarity of Paper – 10 pts.
Strong Conclusion? (Has the author attempted to prove anything? If so, given the brevity of the paper, has he/she been successful) – 10 pts.
Writing, Spelling, Punctuation – 20 pts.
Sources – Quality and Number (the author should cite at least four different sources, unless there is an understandable reason – the sources should be of different types, and must be recent in origin whenever practical and appropriate for the paper) – 15 pts.

Using the data I have provided please make line graphs comapring the R and D expenses between these companies over these years. If you are also able to find more data and are able to make other line graphs involving R and D and total expenses of the company that would be great. Please use the attached slides as refference for the structure of the graphs.
Siemens R&D Expenses (Millions of Euros)
2023: -1,866
2022: -1,785
2021: -1,456
2020: -1,342
2019: -1,328
Canon Medical Systems R&D Expenses (Millions of Euros)
2023: 2,013
2022: 1,860
2021: 1,742
2020: 1,652
2019: 1,810
Medtronic R&D Expenses (Millions of Euros)
2023: 2,696
2022: 2,746
2021: 2,493
2020: 2,331
2019: 2,330
Philips R&D Expenses (Millions of Euros)
2023: 1,890
2022: 2,091
2021: 1,806
2020: 1,822
2019: 1,790

DB-8 question 1: Labor Unions in healthcare have played a significant role throughout the years but especially in 2023! Research the different labor strikes that occurred and discuss the reasons why these strikes happened frequently in 2023. What was going on? How were these resolved?
DB-9 Question #2: https://workplacebullying.org/wp-content/uploads/2… Review the website and survey results. 1) Tell us what surprised you the most re: bullying in the workplace. 2) As a future manager in healthcare, tell us how you would (try to) build a workplace culture that would minimize or stop bullying in the workplace.