Notes: The Assignment must be submitted on Blackboard (WORD format only) via

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. 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: