My lesson starts at 9.10 am. Today lesson was on project management topic 10 and 11. It was the last 2 topic. I learnt about cash flow forecasting in topic 10 and engineering economics in topic 11. In topic 10, I learnt that money is the most important thing when we want to do business; we need money to purchase goods, pay wages and bills. When doing business, we must make sure that the money in > than money out, then we are making profits. We can use our profits that we earned to invest in other business or use in its operations.
For cash flow problems, the reasons are= progress payment takes too long to pay, stock up too many inventories, unable to meet liabilities to pay creditors. I also learnt about factors affecting capital lock up, interest free cash and interest paid cash in topic 10. For topic 11, I learnt about the investment appraisal, conventional methods and discounting methods. In topic 11, it is like mathematics, we will apply formulas to get the answer that we want. The reason why we want to use investment appraisal is because to aid decision making and to select the best profitable project.
After lesson, we ate fried rice at the road side stalls and I went back to my apartment to do my work. In the afternoon, I took a nap and woke up in the evening. The weather outside was cold as it was raining. So we cook our own dinner, I help to fry eggs with ham, and banana with honey, my friend cook rice and some can food. We ate our dinner at 9pm, it was a simple meal but yet nice. After meal, the girls help to clean up the kitchen and I went to do my work.
For cash flow problems, the reasons are= progress payment takes too long to pay, stock up too many inventories, unable to meet liabilities to pay creditors. I also learnt about factors affecting capital lock up, interest free cash and interest paid cash in topic 10. For topic 11, I learnt about the investment appraisal, conventional methods and discounting methods. In topic 11, it is like mathematics, we will apply formulas to get the answer that we want. The reason why we want to use investment appraisal is because to aid decision making and to select the best profitable project.
After lesson, we ate fried rice at the road side stalls and I went back to my apartment to do my work. In the afternoon, I took a nap and woke up in the evening. The weather outside was cold as it was raining. So we cook our own dinner, I help to fry eggs with ham, and banana with honey, my friend cook rice and some can food. We ate our dinner at 9pm, it was a simple meal but yet nice. After meal, the girls help to clean up the kitchen and I went to do my work.
Simple meal.....is good.....
Rice, can food, bananas, eggs with ham
so good that we are going for 2nd round!
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