CHAPTER 2: Power From Your Money

  

CASH FLOW

MY PERSONAL CASH FLOW

QUESTION:

PREPARE PERSONAL CASH FLOW FOR ENCIK FAYYADH MIKHAIL

Encik Fayyadh Mikhail is an architect in a government sector. Following are the revenues and expenses incurred by him for the month of August 2018. You are required to assist Encik Fayyadh Mikhail to prepare his personal cash flow as he just started to record his expenses for this month.

Particulars	RM (budget)	RM (actual)
Income: Monthly salary Other sources income (freelance designer) Total Monthly Income	8, 750.50 2, 850.00 11,600.50	8, 750.50 2, 850.00 11,600.50
Expenses: (include fixed expenses, variable expenses and discretionary expenses) housing loan installment car loan installment monthly allowance for wife monthly allowances for children (3 X RM400 each children) telephone bill food house utilities petrol/ toll/parking services and maintenance car repairs medical expenses clothing entertainment household items personal items other expenses emergency fund	1,200.00 1, 100.00 1, 000.00 1, 200.00 100.00 250.00 250.00 600.00 250.00 200.00 200.00 150.00 250.00 1, 300.00 350.00 500.00 300.00	300.00 400.00 300.00 800.00 350.00 - 200.00 100.00 300.00 1, 500.00 300.00 700.00 300.00
Total Fixed expenses	2,400.50	6,050.50

BALANCE SHEET

PERSONAL BALANCE SHEET

Puan Dania Insyirah is a Deputy Director in a government agency at Putrajaya. Below are the particulars related to her assets and liabilities for the current year. You are required to prepare her personal balance sheet based on the information given.

Particulars	Assets (RM)	Labilities(RM)
Bank accounts: Saving account Fixed deposit account Cash in hand
	25, 000
	50, 250
	2, 800
Total current asset	78,050
Properties: House Land Jewellery Car
	450, 000	278, 000
	350, 000
	30, 000
	150, 000	75, 000
Total non-current asset and non-current liabilities	575,000	353,000
Investment: Amanah Saham Berhad (ASB) Tabung haji account PMB Investment
	40, 000
	62, 800
	20, 000
Total investment	122,800
Bank loan: Credit cards Study loan Personal loan Hire purchase of furniture and electrical goods
		15, 000
		1, 250
		42, 333
		5, 678
Total Loan		64,261
Total	(A) 775,850	(B) 417,261
NET WORTH (A-B)	358,569

CIO PERSONAL FINANCIAL MANAGEMENT

ASSALAMUALAIKUM :)
THIS IS CLO FOR PERSONAL FINANCIAL MANAGEMENT

COURSE INFORMATION OUTLINE

CODE & COURSE               : DPS 2023 : PERSONAL FINANCIAL MANAGEMENT

PRE-REQUISITE(S)            : NONE

LECTURER                            : YUSNIZAH BINTI SELAMAT

                                                  NORSELA BINTI A MANAF

DEPARTMENT                    : JABATAN PERDAGANGAN

DELIVERY METHOD          : THEORY & PRACTICAL

CREDIT HOURS                  : 3

TOTAL THEORY HOURS : 45

TOTAL PRACTICAL/ TUTORIAL HOURS : 15

PROGRAMME LEARNING OUTCOMES

Upon completion of the program, student will be able to

1.       Apply fundamental principles of Secretarial Science discipline and soft skill in related area of secretary in the real work place.

2.       Use correctly knowledge and skills of Secretarial Science Discipline in office practice.

3.       Communicate effectively with professionals, community environments and organization.

4.       Use appropriately knowledge and skills to recommend effective solution in the organization.

5.       Develop an effective social responsibility and humanistic value to meet the common goals.

6.       Engage in life-long learning and professional development to enrich knowledge and competencies.

7.       Include entrepreneurship skills in the related disciplines that contributes towards national growth and be competitive in related industries.

8.       Display confidently of good personality and adhere to professional code of ethics to adapt in the real challenges in working environment.

9.       Demonstrate effective leadership and teamwork responsibility

SYNOPSIS

AKPK’S PERSONAL FINANCIAL MANAGEMENT provides the skills on how to manage money wisely and can spend within the means and achieve the financial goals with ease. The course emphasizes on being in control of own finances regardless of whether or not facing financial problems.

COURSE LEARNING OUTCOMES

At the end of this course, you will be able to:

1.       Explain clearly the role and purpose of personal financial planning and the steps to be taken to achieve financial goals.

2.       Solve appropriately the individual financial problem according to AKPK’s guidelines.

3.       Demonstrate accordingly to uncertainties and financial responsibilities wisely.

TYPES OF ASSESMENT

The course is assessment through 100% Continuous Assessment

COURSEWORK (CA) :

Coursework assessment is carried out throughout the semester and comprises the following  :

a.       Quiz ( minimum 2)           40%

b.       Test ( minimum 1)            30%

c.       Tutorial Exercise ( minimum 1)   10%

d.       Problem Based ( minimum 1)      20%

AKTIVITI DALAM KELAS

Aktiviti yang kami lakukan sepanjang 4 minggu perkuliahan.

Tengah tunggu turn untuk present our group name !!!!

Kami menayangkan kepada rakan kelas kami 10 orang pelajar JTMK yang dipilih untuk ditemu bual tentang cara mereka menguruskan kewangan mereka dan apa yang mereka  faham tentang kewangan.

Sesi wawancara pelajar JTMK

Apa itu AKPK?

Agensi Kaunseling Dan Pengurusan Kredit, atau biasanya dikenali sebagai AKPK, ialah sebuah agensi yang ditubuhkan oleh Bank Negara Malaysia pada bulan April 2006 untuk membantu individu menguasai situasi kewangan mereka dan mencapai ketenangan minda hasil daripada penggunaan kredit secara bijak.

Dengan penyertaan dan penglibatan di dalam sistem kewangan secara efektif boleh meningkatkan kesejahteraan ekonomi individu dan perniagaan. pendidikan kewangan merupakan kunci kepada masyarakat kita bagi mendapat faedah dari sistem kewangan dan teknologi baru yang boleh mengubah lanskap kewangan. 

Untuk membina satu generasi dengan kecekapan kewangan ia harus bermula diperingkat awal. Ini telah menjadi motivasi pada Bank Negara Malaysia dalam membangunkan AKPK untuk menjadi sebuah agensi yang menyediakan pendidikan kewangan kepada pengguna dewasa.