fundamental of financial management assignment

8/15/2019 Fundamental of Financial Management Assignment

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Fundamental of FinancialManagement

Group Members1. CHAI SHER CHI BS1 11!!"#. $%$ &E' (A'G BS1 11!# )

.EM( A&I&AH BI'*I MA+I,BS1 11!1#"-. %(, EE /E' FE'GBS1 11!#00

.'%R AI'I 'G BS1 11! 2).'3R3 SHA$I A BI'*I $HAIR3,I'BS1 11!-20". SHA I'I SHA 3 A45 *HA AGRA+ABS1 11! )!

0. *A' $A'G CHIA' BS1 11!)


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Financial Institution

Ban6ntermediar7

'on8Ban6 Intermediar7

Bot9 super:ised b7Ban6 'egara Mala7sia


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Ban6 FinancialInstitution


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Hong eong Ban6

Ber9ad


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12!Started in $uc9ing;Sara


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1202

Renamed Mui Ban6; operating in branc9es

122-Ac=uired Mui Ban6 t9roug9 Hong

eong Credit Ber9ad >'o< 6no


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@ision

An outstanding nancial ser:icesorganisation; 9ig9l7 competiti:e;

and pro table;


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C9aracteristics• 5ublic listed in Bursa Mala7sia• %ldest nancial institution•

Founded b7 am +i C9ie#! D


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*7pes of Ser:ice

1. 5ersonal Financial Ser:ices#. Business and Corporate

Ban6ing. Global Mar6ets

-. Islamic Ban6


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Sources of Fund


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1. Interest income#. 'on8interest

income


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Interest incomeloans; ad:ances and nancingmone7 at call deposit placement


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'on8interest incomeFee income'et income from securities%t9er income


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3sage of Fund


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1. Interest e?penses#. %:er9ead e?penses

. Allo


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Interest e?pense

,eposits and placements ofban6s and ot9er nancialinstitutions

,eposits from ot9ercustomers

Senior bonds*ier # subordinated bonds

*ier # capital cumulati:esubordinated loan

'on8inno:ati:e *ier 1stapled securities

Inno:ati:e *ier 1 capital


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%:er9ead e?penses5ersonnel costsEstablis9ment costsMar6eting e?pensesAdministration and general

e?penses


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Allo


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*a?ationMala7sian income ta?

*ransfer to deferredta?ation


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Balance S9eet


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Income Statement


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'on8ban6 Financial

Institution


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Mala7sia Industrial ,e:elopmentFinance Ber9ad >MI,FD

the only company involved indevelopment of nancial

intermediaries listed by BursaMalaysia


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%b ecti:e

stimulate gro


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Mission

5romotes t9e progress inMala7sia s industrial sector b7pro:iding loans for small and

medium industrial enterprise


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Sources of Fund


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• oans and in:estments• Islamic Ban6ing %perations•

5ro ect Feasibilities Studies• ,eposit from Customer• Fees recei:ed in capital mar6et

acti:ities


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3sage of Funds


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Investment; 50%

Property and asset ; 14%

peration !"penses; #4%

thers such as Income ta"; $%

alary!lectrical

Bill

MI&' (manah Investment)*ocal+MI&' (manah Investment)'orei,n+-MB .ominees dn Bhd

/ce! uipment

omputer


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Minin,; 2%

Manufacturin,; 34%

onstruction; $%

5holesale; 2%

'inance; 4%

I'@ES*ME'*


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(ccount Payable; 3%

(ccrued *iabilities; 6%

(mount due to bro7ers and clients; 2#%

!mployee bene ts; 1%

.IABI.I*IES

Buy omethinon credit

e"penses on theincomestatement thathave not

beenpaid orlo,,edunderaccountspayable


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JOURNALIZING & POSTING TRANSACTIONS

Step 1: Analyzetransactions and source

documents.

LiabilitiesLiabilities EquityEquityAssetsAssets = +

Step 2: Apply double-entry accounting

Step 4: Post entry to ledger Step 3: Record journal entry

P 1

ACCOUNT NAME: ACCOUNT No.

Date Description PR Debit Credit Ba ance

GENERAL JOURNAL Page 123

Date DescriptionPost.Re . De!it Cre"it


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teps in preparin, 'inancialtatement

18 9rial Balance$8 Income statement

#8 tatement chan,e of ! uity48 Balance sheet


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Income Statement


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Income Re:enues 8 E?pen


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*oans:receivable:securitiesincludin,amorti ations ofpremiumsBan7 peration!"penses


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STAT!"!NT O# C$ANG!S IN !%UIT

C. Ta#$or% Capita$ 12&1&11 '(Net inco)e or Dece)!er 3%*+,

P$-s: n/est)ents !# O0ner 3,%,,,33%*+,

Less: O0ner it "ra0a$s 2,, C. Ta#$or% Capita$% 12&31&11 33%2+,(

tate)ent o C anges in E4-it#5or t e Mont En"e" Dece)!er 31% 2,11

5A T5OR ARD

Connections

P 3


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Balance S9eet


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-nearnedrevenueIs liability


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*9an6 7ou

fundamental of financial management assignment

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