FINANCIAL MANAGEMENT (QSB 60203)

1.0 Acknowledgement

Specially thank to my lecturer, Mr. Lai Chee Kin for assigning and guiding us through the project. He has given us this opportunity to produce this report and helped us understand more on the related matter on Financial Management.

2.0 Module Synopsis

This module introduces students to the principles and practices of financial management for a business. It emphasizes the core concepts from the point of view of a business manager trying to maximize the value of his or her firm. To that end, the topics covered include understanding financial reports, financialforecasting, capital structure and financing options, capital budgeting and managing working capital. In addition, the course stresses that important business decisions require inputs from all departments in a firm and are not the exclusive domain of the finance professional. Furthermore, stress is made that when striving to maximize the firm’s value, managers have a responsibility to behave within ethical constraints.

3.0 Module Teaching Objectives

The teaching objectives of the module are:

1. To understand the core principles and practices of financial management in maximizing the value of a firm.

2. To appraise capital investment proposals using various methods of capital budgeting.

3. To forecast and manage the cash flows of a business.

5.0 Module Learning Outcomes

4.0 Upon successful completion of this module, I am able to:

1. Read and interpret financial reports to understand the firm’s financial position and performance.

2. Be able to produce financial forecasts and construct budgets to plan and manage the firm’s

resources.

3. Understand the time value of money and apply capital budgeting techniques to evaluate capital

investment projects.

4. Be able to assess the financing needs of a business and evaluate the firm’s capital structure

options.

5. Understand and apply the basic principles of managing working capital.

5.0 KNOWLEDGE I GAINED IN THIS MODULE:

 5.1 Lifelong Learning

This module required me to be more independent and able to extract the information get from the account and analyze them effectively. For me, I have learnt how to extract the main points via the group assignment, where we were given word limits of 1,800 words to complete a comment in pro-forma income statement in order to advice a company.

5.2 Thinking and Problem Solving Skills

Thinking and problem solving skills are gained during the tutorial session when we are assigned to do our tutorial in front of the class. Lecturer has prompt us with few questions and this required us to think critically and creatively in order to provide the most effective answers to the questions.

5.3 Communication skills

During the tutorial session, we were required to communicate in a group to solve the question that has been assigned.

5.4 Interpersonal skills

We are able to practice our leadership skills, especially during the initial stage of the assignment. I have learnt how to distribute the assignment workload to my team member to carry out the assignment.

In conclusion, learning by taking new task is crucial in my career as Quantity Surveyor .As in the future , various unfamiliar task will be assigned and it depend on how we take it as a challenge to improve our career.