Treasury Management Practices at Universiti Utara Malaysia

The purpose of the study is to evaluate the effectiveness of treasury management practices at Universiti Utara Malaysia (UUM). Respondents of the research are the Bursar and a senior officer of the UUM’S Bursar Department. The type of research is a comparative study and the instruments of informatio...

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Main Author:	Wan Mustaffa, Wan Yusoff
Format:	Thesis
Language:	eng eng
Published:	2006
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/1862/1/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf https://etd.uum.edu.my/1862/2/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf
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id	my-uum-etd.1862
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
topic	HG Finance
spellingShingle	HG Finance Wan Mustaffa, Wan Yusoff Treasury Management Practices at Universiti Utara Malaysia
description	The purpose of the study is to evaluate the effectiveness of treasury management practices at Universiti Utara Malaysia (UUM). Respondents of the research are the Bursar and a senior officer of the UUM’S Bursar Department. The type of research is a comparative study and the instruments of information collection used were through questionnaires and interviews. Descriptive method was employed in analyzing the data. The gathered information was compared with the Code of Practice on Treasury management by The Chartered Institute of Public Finance and Accountancy (CIPFA), which is being adopted by University of Oxford, United Kingdom. Result of the research shows that the UUM’S Bursar Department does not fully adopted all the Code of Practice on Treasury management by The Chartered Institute of Public Finance and Accountancy (CIPFA). However, UUM has partially adopted the treasury management practices such as in cash flow forecasting, investment, money laundering, staff training, reporting, performance measurement, and budgeting, accounting and auditing. This study is able to create awareness in understanding the importance and the function of treasury management. In reality, treasury management practice becomes more relevant to UUM in view that its stakeholder, the Government of Malaysia, might reduce future financial assistance. Moreover, UUM is already experiencing reduction of financial resources from government. Therefore, to ensure the optimal practice of treasury management, a framework on treasury management has been established to act as a guidance for the Bursar Department of UUM. Lastly, further research need to be done involving other public higher education institutions, so that a standard policy on treasury management practices for the whole public higher education institutions in Malaysia can be made a reality.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Wan Mustaffa, Wan Yusoff
author_facet	Wan Mustaffa, Wan Yusoff
author_sort	Wan Mustaffa, Wan Yusoff
title	Treasury Management Practices at Universiti Utara Malaysia
title_short	Treasury Management Practices at Universiti Utara Malaysia
title_full	Treasury Management Practices at Universiti Utara Malaysia
title_fullStr	Treasury Management Practices at Universiti Utara Malaysia
title_full_unstemmed	Treasury Management Practices at Universiti Utara Malaysia
title_sort	treasury management practices at universiti utara malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Faculty of Finance and Banking
publishDate	2006
url	https://etd.uum.edu.my/1862/1/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf https://etd.uum.edu.my/1862/2/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf
_version_	1747827220405026816
spelling	my-uum-etd.18622013-07-24T12:13:28Z Treasury Management Practices at Universiti Utara Malaysia 2006 Wan Mustaffa, Wan Yusoff Faculty of Finance and Banking Faculty of Finance and Banking HG Finance The purpose of the study is to evaluate the effectiveness of treasury management practices at Universiti Utara Malaysia (UUM). Respondents of the research are the Bursar and a senior officer of the UUM’S Bursar Department. The type of research is a comparative study and the instruments of information collection used were through questionnaires and interviews. Descriptive method was employed in analyzing the data. The gathered information was compared with the Code of Practice on Treasury management by The Chartered Institute of Public Finance and Accountancy (CIPFA), which is being adopted by University of Oxford, United Kingdom. Result of the research shows that the UUM’S Bursar Department does not fully adopted all the Code of Practice on Treasury management by The Chartered Institute of Public Finance and Accountancy (CIPFA). However, UUM has partially adopted the treasury management practices such as in cash flow forecasting, investment, money laundering, staff training, reporting, performance measurement, and budgeting, accounting and auditing. This study is able to create awareness in understanding the importance and the function of treasury management. In reality, treasury management practice becomes more relevant to UUM in view that its stakeholder, the Government of Malaysia, might reduce future financial assistance. Moreover, UUM is already experiencing reduction of financial resources from government. Therefore, to ensure the optimal practice of treasury management, a framework on treasury management has been established to act as a guidance for the Bursar Department of UUM. Lastly, further research need to be done involving other public higher education institutions, so that a standard policy on treasury management practices for the whole public higher education institutions in Malaysia can be made a reality. 2006 Thesis https://etd.uum.edu.my/1862/ https://etd.uum.edu.my/1862/1/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf application/pdf eng validuser https://etd.uum.edu.my/1862/2/Wan_Mustaffa_bin_Wan_Yusoff_-_Treasury_management_practices_at_Universiti_Utara_Malaysia.pdf application/pdf eng public masters masters Universiti Utara Malaysia Andrade, G., Kaplan, S.N., (1998). How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed. Journal of Finance 53, pp. 1443–1493. Austin Jennings Head of Corporate Treasury Business, Bank of Ireland Group Treasury. Blazek, J. (1996). Financial Planning for Non-Profit Organizations. Canada: John Wiley & Sons, Inc. Brigham, E. F. (1995). Fundamentals of Financial Management, Seventh Edition. USA:The Dryden Press, Harcourt Brace College Publishers, pp. 4 & 12-13. CHEMS, (2000). The Management of Higher Education: an Annotated Bibliography, London. CIPFA, (1995). Treasury Management in Higher Education: A Statement of Best Practice & Guide (2 volumes), London. Dato’ Seri Abdullah Ahmad Badawi, (2006). Speech by The Prime Minister at the Tabling of the Motion on the Ninth Malaysia Plan, 2006-2010, Dewan Rakyat, Kuala Lumpur. Executive Office of the President, Office of Management and Budget, 2002. The President’s Management Agenda. Froot, K.A. Scharfstein, D.S. and Stein, J.C. (1993). Risk management: Coordinating investment and Financing Policies. Journal of Finance, vol 48 No. 5, pp. 1629-58. Foster Back, P. (1997). Corporate Cash Management: Strategy and Practice. England: Woodhead Publishing Ltd, pp.145. Greifer, N. and Viecceli, J.(2000). Best Practices in Treasury management. Government Finance Review, pp. 19-22. Griesel, B., Lucyshyn, W., (2004). Cisco systems, Inc.: The building blocks for a world-class financial management system. In: Gansler, J.S., Luby, R.E. (Eds.), Transforming Government Supply Chain Management. Rowman & Littlefield, Lanham, MD. Harvard University, http://vpf-web.harvard.edu/otm Hashim and Allan, (2001). Treasury Reference Model . World Bank Study Series. Helliar, C. and Dunne, T (2004). Control of the Treasury Function. Corporate Governance; Vol 4,No 2; ABI/INFORM Global, pp. 34-43. Horcher, K. A. (2005), Essentials of Managing Treasury, John Wiley & Sons, Inc., Hoboken, New Jersey. Leigh Marjana, (2005). How to Become a Top Banana: Best Practices in Treasury Management. AFP Exchange, ABI/INFORM Global, pp. 52-53. L.Philips, A. (1997).Treasury Management:Job Responsibilities, Curricular Development, and Research Opportunities. Financial Management, 26,3;ABI/INFORM Global, pp. 69-81. Malaysia, (2004). Bajet Tahun 2005, Kuala Lumpur, Ministry of Finance. Malaysia, (2005). Bajet Tahun 2006, Kuala Lumpur, Ministry of Finance. Malaysia, (2001). The Eight Malaysia Plan, 2001-2005, Kuala Lumpur, Percetakan Nasional. Malaysia, (2006). The Ninth Malaysia Plan, 2006-2010, Kuala Lumpur, Percetakan Nasional.Malayan Banking Berhad. Annual Report, 2005. Maphiri, D. (2001). Treasury’s Role in Promoting Efficient Cash Management: Evidence from South Africa. The South African Journal of Economics. Vol. 69: 3, pp. 385-404. M. Bodnar, G. and Gebhardt, G. (1999). Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey. Journal of International Financial Management and Accounting,10:3. Milligan, E. (2001). Treasury Management Organization: An Examination of Centralised versus Decentralised Approaches. Irish Journal of Management 22,1;ABI/INFORM Global, pp.7. Mike Gallanis and Terri Mimms, (2005). www.treasuryinstitute.org. Murphy, A. (2005). Performance Measurement and Internal Treasury Reporting, The Treasurer’s Conference, 11-13 May 2005. Pike, T. and Savage, D. (1998). Forecasting the Public Finances in the treasury. Fiscal Studies, vol. 19, no. 1, pp. 49-62. Press cutting from Berita Harian, Utusan Malaysia and Star. Ricci & Vito,(2000). International Working Capital Practices in the UK. European Financial Management, 6,1, pp. 69-84. Riehl, Heinz and Rodriguez, Rita M. (1983). Foreign Exchange and Money Markets;Managing Domestic and Foreign Currency Operations. McGraw-Hill, New York. Ross, D (1990). International Treasury Management, Second Edition. Woodhead-Faulkner, New York. Stanford University, http://med.stanford.edu/irt/index.html Theresa, P.(1994) Unique treasury management applications in government. TMA Journal. Atlanta 14, 2, pp. 50-54. Treasury Management Association, (1995). The Treasurer’s Handbook of Financial Management Applying the Theories, Concepts and Quantitative Methods of Corporate Finance. Trivedi and S.M. Hasan (2000). Treasury Operations and Risk management. Genisis Publishers, Mumbai. University of Cambridge, http://www.admin.cam.ac.uk/offices/finance/intro.html University of Oxford, http://www.ox.ac.uk/webmaster.html UUM: Annual Report 2005. UUM: Financial and Accounting Guideline.Wikipedia organization (2006), http://en.wikipedia.org.

Treasury Management Practices at Universiti Utara Malaysia

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