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Topic: Business
Number of pages / Number of words: 2 / 446
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As at December 2005, Hotel Kayangan had an authorised capital of RM35million with RM31million paid up.

Hotel Kayangan's financial problems began to manifest themselves in the first year of operation after it was expended and upgraded to a full service hotel. For the first time, the hotel incurred losses and occupancy took a drastic dip...


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1. FINANCIAL MANAGEMENT

What is financial? Financial means money. Hence corporate financial management is the management of the firm's assets and liabilities. It involves ways to obtain and use money effectively so that we are all better off.

Financial management involves several specialties, budgeting anticipated revenues and costs, accounting for receipt and disbursement of funds once the budget is enacted, purchasing goods and services, Investing idle funds, issuing short and long term debt to buy equipment and construct facilities, controlling risks from accidents, fire, theft and liability suits and after the fiscal year ends, auditing financial transactions for legal compliance and adherence to accepted accounting principle...


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