Avoid plagiarism, the work should be in your own words
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).
College of Administrative and Financial Sciences
Deadline: 10/04/2021 @ 23:59
Course Name: Accounting of Financial Institutions StudentÃ¢â‚¬â„¢s Name:
Course Code: ACCT 405
StudentÃ¢â‚¬â„¢s ID Number:
Academic Year: 2020-21-1441/1442 H
For InstructorÃ¢â‚¬â„¢s Use only
StudentsÃ¢â‚¬â„¢ Grade: Marks Obtained/Out of
Level of Marks: High/Middle/Low
Instructions Ã¢â‚¬â€œ PLEASE READ THEM CAREFULLY
Ã¢â‚¬Â¢ The Assignment must be submitted on Blackboard (WORD format only) via allocated
Ã¢â‚¬Â¢ Assignments submitted through email will not be accepted.
Ã¢â‚¬Â¢ 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.
Ã¢â‚¬Â¢ Students must mention question number clearly in their answer.
Ã¢â‚¬Â¢ Late submission will NOT be accepted.
Ã¢â‚¬Â¢ 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.
Ã¢â‚¬Â¢ 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).
Ã¢â‚¬Â¢ Submissions without this cover page will NOT be accepted.
1- Briefly explain the meaning of securitization? (2 marks)
In your opinion, is there any accounting disclosures for securitization in the
context of Local accounting standards?
What are the motivations for and alternatives to securitization?
Discuss the fair value concept of transferorÃ¢â‚¬â„¢s journal entry for a transfer of
financial assets in your own words.
2-For maintaining a book of accounts, record in a journal entries in the books of lease contract
by creating lease receivable at its net investment in which, it is equal to the minimum lease
payments discounted at the rate of interest implicit in the lease. (1 mark)
3-As per the book of Lessee, Pass a journal entries in the in recognition of both an asset and a
liability in the books of the lessee at the inception of the lease at amount equal to present value of
minimum lease payments. (1 mark)
4-Record the transaction as per book of Lessor, Journalize the transactions in the books of lessor
and lessee if the lease meets the criteria for recognition as an operating lease instead of a finance
lease. (1 mark)
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