timing arc is nothing a timing path from any input to any output.
For a simple FF you have inputs D & CK and output
Q . Since the FF is edge triggered you have an arc from CK to Q. Since it is the clock edge that controls the output timing and D has no significance ( provided setup/hold are met)
For latch you have timing path between CK and Q (when D is already stable) and also D and Q (when latch is transparent and D changes). So you can say latch has 2 arcs.