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Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]

MoneyWise Personal Cash-Flow Simulation Module has been developed to facilitate students in understanding the elements of personal financial management. The simulation enables the students to experience the essentials of budgeting, record-keeping, and other related activities in money management. T...

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Main Authors: Abdul Manaf, Suhaily Maizan, Mohamed, Zaimi, Ismail, Fathiyah, Hamzah, Siti Fatimah Mardiah, Abdullah, Sholehah, Mohamad Azmin, Nur Azwani, Affandi, Salwani, Azlan, Nik Noor Afizah
Format: Conference or Workshop Item
Language:English
Published: 2022
Subjects:
L Education (General)
Technology. Educational technology
Teaching aids and devices
Online Access:https://ir.uitm.edu.my/id/eprint/67542/1/67542.pdf
https://ir.uitm.edu.my/id/eprint/67542/
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spelling my.uitm.ir.675422022-10-31T07:10:18Z https://ir.uitm.edu.my/id/eprint/67542/ Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.] Abdul Manaf, Suhaily Maizan Mohamed, Zaimi Ismail, Fathiyah Hamzah, Siti Fatimah Mardiah Abdullah, Sholehah Mohamad Azmin, Nur Azwani Affandi, Salwani Azlan, Nik Noor Afizah L Education (General) Technology. Educational technology Teaching aids and devices MoneyWise Personal Cash-Flow Simulation Module has been developed to facilitate students in understanding the elements of personal financial management. The simulation enables the students to experience the essentials of budgeting, record-keeping, and other related activities in money management. The module also provides useful tools and tips for the students to plan and manage their cash flows and financial requirements. In the simulation, the students have assumed the role of individuals with a monthly salary for their chosen career and family scenarios. Based on certain assumptions and events, the students have been required to prepare their family budgets and record daily cash flows for a specified given period. During the simulation, the students have been able to analyse the status of their financial position in various reports, such as the budget template and cash-flow statement. In the meantime, MoneyWise has also featured other tools, such as one-million planner and references on money management. The newly upgraded version is available with additional financial ratios report, namely liquidity ratio, debt-to-asset ratio, solvency ratio, current ratio, and debt-service ratio. These ratio reports enable users to understand and aware of their current financial standing, which are useful for helping consumers to plan their financial matters based on their financial-level information more effectively. Besides, the module is expected to enhance students’ potentials to obtain excellent grades in personal financial planning course as well as elevating their skills and readiness to face real-life situations in the future. The system not only functions as an e-learning material and tool but is also useful for individuals to record and manage their daily transactions. MoneyWise is a great e-learning innovation and relevant financial tool in an effort to elevate the level of financial literacy of society, which is in line with the National Strategy for Financial Literacy 2019-2023. 2022 Conference or Workshop Item PeerReviewed text en https://ir.uitm.edu.my/id/eprint/67542/1/67542.pdf Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]. (2022) In: The 9th International Innovation, Invention & Design Competition, 17 May - 10 Oct 2020, Perak, Malaysia.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic L Education (General)
Technology. Educational technology
Teaching aids and devices
spellingShingle L Education (General)
Technology. Educational technology
Teaching aids and devices
Abdul Manaf, Suhaily Maizan
Mohamed, Zaimi
Ismail, Fathiyah
Hamzah, Siti Fatimah Mardiah
Abdullah, Sholehah
Mohamad Azmin, Nur Azwani
Affandi, Salwani
Azlan, Nik Noor Afizah
Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
description MoneyWise Personal Cash-Flow Simulation Module has been developed to facilitate students in understanding the elements of personal financial management. The simulation enables the students to experience the essentials of budgeting, record-keeping, and other related activities in money management. The module also provides useful tools and tips for the students to plan and manage their cash flows and financial requirements. In the simulation, the students have assumed the role of individuals with a monthly salary for their chosen career and family scenarios. Based on certain assumptions and events, the students have been required to prepare their family budgets and record daily cash flows for a specified given period. During the simulation, the students have been able to analyse the status of their financial position in various reports, such as the budget template and cash-flow statement. In the meantime, MoneyWise has also featured other tools, such as one-million planner and references on money management. The newly upgraded version is available with additional financial ratios report, namely liquidity ratio, debt-to-asset ratio, solvency ratio, current ratio, and debt-service ratio. These ratio reports enable users to understand and aware of their current financial standing, which are useful for helping consumers to plan their financial matters based on their financial-level information more effectively. Besides, the module is expected to enhance students’ potentials to obtain excellent grades in personal financial planning course as well as elevating their skills and readiness to face real-life situations in the future. The system not only functions as an e-learning material and tool but is also useful for individuals to record and manage their daily transactions. MoneyWise is a great e-learning innovation and relevant financial tool in an effort to elevate the level of financial literacy of society, which is in line with the National Strategy for Financial Literacy 2019-2023.
format Conference or Workshop Item
author Abdul Manaf, Suhaily Maizan
Mohamed, Zaimi
Ismail, Fathiyah
Hamzah, Siti Fatimah Mardiah
Abdullah, Sholehah
Mohamad Azmin, Nur Azwani
Affandi, Salwani
Azlan, Nik Noor Afizah
author_facet Abdul Manaf, Suhaily Maizan
Mohamed, Zaimi
Ismail, Fathiyah
Hamzah, Siti Fatimah Mardiah
Abdullah, Sholehah
Mohamad Azmin, Nur Azwani
Affandi, Salwani
Azlan, Nik Noor Afizah
author_sort Abdul Manaf, Suhaily Maizan
title Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
title_short Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
title_full Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
title_fullStr Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
title_full_unstemmed Empowering E-Learning: moneywise personal cash flow simulation module / Suhaily Maizan Abdul Manaf ... [et al.]
title_sort empowering e-learning: moneywise personal cash flow simulation module / suhaily maizan abdul manaf ... [et al.]
publishDate 2022
url https://ir.uitm.edu.my/id/eprint/67542/1/67542.pdf
https://ir.uitm.edu.my/id/eprint/67542/
_version_ 1748705990237224960
score 13.211869

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