Financial Management

For future QS profession like us, it is important to understand the basic of financial management. The knowledge learnt in this module is somehow related to the construction sector in both financial and organizational aspects. This subject taught about the terms of finance and cost management practices in the construction industry to ensure a proper operation and financial control over the building initial stage until the building completion.

Throughout the semester, we had a midterm test which tests on our understanding towards the financial concepts. After the test, we were then assigned in a group of 6 to determine the financial performance of a construction company, Hua Yang Berhad. As normal practice, tasks have been distributed among the group and we were to analyse the company annual report and work out the solutions. Among the questions given, we determined the cash flow, major investment activities of the company and others. Besides, we evaluated the company performance by using financial ratio. We also forecast the revenue, gross profit and profit before tax of the company based on industry forecasts from the internet. On 29 June 2016, we had a presentation to present our findings about the assignments. It is a good opportunity as we learnt to speak in front of people. Also, it is a platform where we train our presentation skills of eye contacting, speak with confidence and of course dress professionally to get good impression.

Throughout the module, I realized the importance of practicing financing in QS industry and I believed that it will be beneficial  to me in my future career. Lastly, I would want to thank Mr Lai Chee Kin for knowledge sharing and his constant guidance throughout the semester as this subject is not only focus on theoretical part but practicing is as well needed. His passion in teaching is much appreciated.

Ng Wei Lins Group FM Assignment