International Public Lecture with Dr. Sohail Ahmed, Univ UITM Malaysia: Financial for Non Financial Manager

Podcast Airlangga Forum, 3 Apr 2021 – Many people do not understand about what is financial, especially teenagers, students and students. Surely it becomes an indispensable thing in understanding financial. In this case, Universitas Airlangga held a discussion forum themed “FINANCIAL FOR NON FINANCIAL MANAGER”, which was attended by Assoc. Prof. Dr. Sohail Ahmed (Associate Professor of Faculty of Business Management (FBM) University Teknology MARA (UiTM), Malaysia), and Dr. Nuri Herachwati, Dra.Ec., M.Si., M.Sc. (Postgraduate School Universitas Airlangga and host of Airlangga Forum).

In the discussion of Airlangga forum, Prof. Dr. Sohail Ahmed conveyed some input on the research of a financial that certainly greatly influences the mindset of our lives personally. According to him financial is one of the important life problem elements, especially the owners of the company. In financial management we need profit targets, control costs, reduce daily expenses, give investors ideas on how to decide to invest their funds in a particular company, then intervene the government in analyzing taxation on companies.

In addition, Prof. Dr. Sohail Ahmed also said some Malaysian state regulations made specifically for the field of financial management aimed at various owners of companies such as small / large businesses, corporate management, internal firm aspect, Creditor, and agency centers. All of this has been arranged as determined by the Malaysian government to control and confirm everything in detail to the country.

Some of the financial principles he presented such as objectives, historical costs, recognition of results, evaluation of results, methods at the waypoint, then there are methods on the percentage ready.  On the other hand, he also presented two very important financial concepts, conservatism and material concepts. According to him, the principle of finance is something that makes the objective and correct in order to produce something useful.

Then he also added, that there are some parts in the balance sheet that show things like quick to reduce fixed assets, to reduce tangible assets (License and Goodwill), how to value stocks and work in progress, customers who are unlikely to pay, and the situation of borrowers balance sheet can be useful when management decisions.

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