accounting of financial institutions 2 1
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 1-MARKS -5
1-Describe the followings in your own words: (2marks)
AWhat is Fair Value Accounting?
BWhat Is Fair Market Value Accounting? How the FASB is going to standardize the calculation of financial instruments by looking at their historical cost?
Answer:
2- What do you mean by loan loss provision? Why Does a Loan Loss Provision Matter? Andhow does a loan loss provision work? (1.5 mark)
Answer:
3- How to differentiate liquid risk and Credit Risk with reference to the financial economics sector and how the interest rate risk make an impact on the economy? (1.5mark)
Answer:
