Financial Management

Financial Management (QSB 3413/3414)

Mr Lai Chee Kin is the lecturer for this module. As this is not a prerequisite subject, this subject considered a whole new subject for me, and thought that this subject is irrelevant to my course. But after I have come with this subject, I know that as a QS, we are not only need to know about measurement and produce BQ but we also need to understand the firm's financial position and performance and be able to assess the financing needs of a business and evaluate the firm’s capital structure options. We also need to understand the principles and practices of financial management for a business.

There are total of 8 subjects that has been taught by Mr. Lai which are introduction to financial management; financial accounting and reporting; financial analysis; financial forecasting; operating and financial leverage; source of capital; capital budgeting; and working capital management. we have learned to produce financial forecasts and construct budgets to plan and manage the firm’s resources. Besides that, we learnt to understand the time value of money and apply capital budgeting techniques to evaluate capital investment projects. Not only that, we also learnt how to apply the basic principles of managing working capital.

Just like other subject, we are required to form a group of 6 to 7 students in a group to complete a group assignment. The group assignment required us to prepare a report to the chief executive officer of Lenggang Travel Sdn. Bhd(LTSB) in which we need to present the financial projections for next year. In the report, we have included a month-­by-­month cash budget for next year; a projected income statement for the whole of next year; and a projected statement of financial position (balance sheet) as at the end of next year. After that, we are required to make evaluations and comments on LTSB’s plans and on the company’s policy of waiting until holidays have been taken or were due to be taken before realising the profit on them.

To watch our group presentation video, click here.

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Picture above was taken during our group presentation.