Financial Management (QSB 3413)

Module Synopsis

The module introduces students to management practices which covers both financial and organizational aspects in relation to construction project. The module will emphasize on the examination of resource-use systems, particularly the finances of a construction project as well as the management of important resource in ensuring quality performance from the project staff. Students will be exposed to various terms of finance, which cover the financial information systems and capital investment.  

Chapters Covered:

1. Introduction to Financial Management 
2. Company Finance & Accounts
3. Financial Information Systems
4. Capital Investments
5. Introduction to Organizational Management
6. Firm Management
7. Financial Investment Appraisal
8. Corporate Analysis – Construction

Assessments done:

We had a class test to test our knowledge of this subject during the first half of the semester.

For the group assignment, we were asked do an overview on the financial and marketing progress of a company.  We chose the SUNWAY BERHAD.  Also, we had to forecast the annual profit based on the previous final account statement. Based on our forecast, we had to provide recommendation and comment on the business base on our analyzing and understanding .

Reflections:

Through this module I am now able to identify the appropriateness of financial management systems for different construction projects and implement the accountancy principles and practices in examining the construction company’s finances and accounts.

I am also now able to define the appropriate cost control structure and technology in ensuring the quality management and total quality management (TQM) of the entire construction performance.

Furthermore, I have gained the knowledge to apply capital investment techniques in analyzing the cost & benefit for particular construction projects.

This will help me in my future career to organize the staff’s tasks, organization and leadership to enhance motivation and performance towards career progression