This subject was taught by Lai Chee Kin. Basically this subject is about the learning the principles, practices and information system of financial management as used in the construction industry and Understanding the methods in appraising of investments that may be proposed in the construction industry. Gaining knowledge of the management in construction organizations, such as the ways to manage and motivate staff and a firm.
After this subject I was understand and able to identifies the financial and organizational management practices in the construction perspective. Besides that, I also to locate the finances of construction projects and the managing of vital resources to ensure high quality end product. It helped the student to be familiar with financial information systems as well as capital investments.
In this subject is divided into two part assignment and exam. This test contributed to 20% of the final assessment. It enables the students to see the progress of their study. With the intensive study of the topics covered, it will be of use in advising on financial issues. It will be more clear in the minds of the students after the test. A group assignment contributing a total of 30% to the final assessment. Enables the student to apply their learning, giving practical experience of the how the methods studied can help to solve financial problems in the real world. This will also help students to gain a clearer understanding on the methods of forecasting a firm's future profits and the correct way to analyse an annual report.
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