ACCT405 Saudi Electronic University General Revenue Cycle Threats Case Study I need the assignment answer by tomorrow 02nd of November 19
USE the SAME document for your answers.
PUT YOUR details in the required sections.
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The answer must be in English.
ALL questions must be answered, NO optional questions
Put your answers in the answer section.
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Assignment should be submitted as MS Word format. College of Administrative and Financial Sciences
Assignment 2
Deadline: 2/11/2019 @ 23:59
Course Name: Accounting Info system
Student’s Name:
Course Code: ACCT 402
Student’s ID Number:
Semester: I
CRN:
Academic Year: 1440/1441 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out of
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 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 will NOT be accepted.
Assignment Question(s):
(Marks 2.)
1. (Write no less that 500 words) Based on what you have learned in Chapter 12, Choose an existing
business. This could be a service business, merchandising business; or a manufacturing business. Try
to describe the revenue cycle in details. Then, write a case (hypothetical) in which this organization
face three types of the following threats and how the organization could resolve these dilemmas:
General Revenue Cycle Threats.
Sales Order Threats.
Shipping Threats.
Billing Threats.
Cash Collections Threats.
2. What is meant by concurrent audits and how it could be achieved? (1 Marks)
3. In your own words, differentiate between COSO and COBIT in terms of their purpose and
application. Why do organizations need to apply both of them not only one. (write 200 words).
(Marks 2)
Answer:
1.
2.
3.
.
.
College of Administrative and Financial Sciences
Assignment-2
Deadline: 02/11/2019 @ 23:59
Course Name:
Student’s Name:
Accounting of Financial Institutions
##
Course Code: ACCT 405
Student’s ID Number: ##
Semester: First Semester
CRN: ##
Academic Year: 1440/1441 H
For Instructor’s Use only
Instructor’s Name: Dr. Abdullah A. Alakkas
Students’ Grade: ??/5
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 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 will NOT be accepted.
Page 1 of 4
Assignment Question(s):
(Marks 5)
1- With Accounting for credit risky financial instruments not recognized at
observed market value generally involves estimating expected future Credit
Risks and Losses with reference to its “Disclosers”.
Explain this statement “Disclosers”. in your own words with statistical
examples of the data from the Saudi Local Banks or Financial Institutions.
(Case Study) (1.5 marks)
2- Users of financial reports with a robust understanding of “How Fair Value
Accounting” works in theory and in relatively simple contexts: How users can
analyze the information with context to Local Saudi Banks as well as local
financial Institution. “Fair Value Accounting and Disclosures” to assess their
– Solvency and profitability better than is possible using amortized cost
accounting information (use solvency and profitability ratio from
balance sheet)
– Discretionary “Gain Trading” (use disclosures and the assessment of
Gain Trading)
Required:
a. Calculate Solvency and Profitability ratio from balance sheet of any Saudi
Local banks or financial institutions
b. Calculate Gain or Losses from securities – use Saudi Local banks or
financial institutions
Hints to understand the above question
(That is timing of the sale of securities and other financial instruments recognized at
amortized cost to realize gain or losses and thereby manage income and book value) –
Use the Financial Statements of the Bank for explanation -Balance sheet for statistical
example (case study) (2 marks).
Page 2 of 4
3- Mortgage banking is primarily a fee based rather than interest rate spread –
based business.
You are required to describe and explain in brief from the structure of mortgage
bank’s Balance sheet, Income statements and Cash flow statements respectively from
the statistical information of Saudi Local banks (mortgages banks) or financial
institutions. (Case Study) (1.5 marks)
Page 3 of 4
Answer:
(Marks ??)
1)
2)
3)
Page 4 of 4
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