Accounting Questions

All Instruction in the Word file as well as the questions.
*It is very important that answers is free from Plagiarism *
1) In practice, methods used to estimate credit losses for unimpaired loans vary across two general types of loans. (a) Individually small and homogenous loans (b) Individually large and heterogeneous loans. Explain these loans in detail.
2) SFAS No. 157 (2006) contains a hierarchy of the types of inputs that may be used to estimate fair value, giving higher priority to observable inputs that use market data more fully. State these inputs.
3) Mortgage Banks have different cost structures depending on how they originate or acquire mortgage. Describe the Operating Efficiency of Mortgage Banks.
4) Securitization occur using a number of general structures and variations within those structures. These structures are Pass –Through Securitization and Trenched Securitization. Explain these structures in detail.
5) what do you mean by Variable and Absorption Costing? Explain both with suitable example.
6) As per the company rule, discuss the requirements for staff welfare (meals/ food) provided by employers to be excluded from their employees’ income. Required: How is the rule distinguished from these requirements?
7) In your words, discuss why some fixed assets require alms to be paid while others do not. Give suitable example to support your answer.
*question #6 is based on US tax system and #7 related to Islamic ZAKAT.
*Questions from 1-4 is related to accounting of financial institutions, Q5 is Managerial accounting, Q6-7 is Tax accounting.