accounting project and need an explanation and answer to help me learn.
The Assignment is related to the accounting for banks and accounting for insurance companies in Saudi Arabia.
1. You should choose either a Bank or an insurance company.
2. The Assignment should cover the following areas:
(a) Introduction of the selected sector (either banking or insurance)
(b) Describe the nature of regulation in the sector
(c) Presents accounting principles and/or standards relating to the sector
(d) Describe some major trends and changes within the selected sector.
(e) Perform a financial analysis of the bank or insurance company that you have chosen for two years (2020 and 2021).
Your analysis should provide a comparison of these two years. The analysis should cover the following (or more).
– Net Profit Margin
– Return on Capital Employed (ROCE)
– Loan to Assets Ratio (peculiar to the banking sector)
– Return on Assets (ROA)
– Net Interest Margin
– Operating Leverage
– Liquidity ratio
(g) References (Harvard style)