Financial Management (QSB 3413)

Financial Management (QSB 3413)

Lecturer: Sr Lee Wing Tey 
                  Mr Chang Jau Ho

Objectives:

1) To help students understand the background, principles and practices and information systems of financial management in relation to construction industry.

2) To allow students to appraise capital investment proposals in the construction industry.

3) To aid in understanding the management of construction organization in terms of managing the business environment, the firm and the staff.

Learning Outcome:

After taking this subject,

1) I am able to determine 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.

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

3) I am able to apply capital investment techniques in analyzing the cost & benefit for particular construction projects.

4) I am able to manipulate the sound knowledge of financial management in managing the financial aspects of the particular construction project.

5) I am able to outline the business of construction project through proper strategic management theory and techniques.

6) I am able to organize the staff’s tasks, organization and leadership to enhance motivation and performance towards career progression.

Test 

The mid term test contributes to 20% of the overall marks. This test was a fair test that tested us on our understanding of the basic concepts of financial management and cash flow. We were able to cope quite well with this test, in part due to the guidance from our lecturers. This test proved to be helpful in our assignment as our studying gave us a clearer picture of this subject.

Assignment

The assignment given constituted 30% of the overall marks. Students were divided into groups of 7 and challenged on their understanding of financial management principles. We had to choose a public listed company, describe its operation activities, analyse it annual report and come up with a forecast of its financial state for the next 3 years. After doing this assignment, we are much more confident in our ability to handle financial reports and sets us up nicely with a foundation for understanding investments and finance.

The company we did our report on was Hai-O.