Legislative Council FTU HCMC received the Best Finance Award for Term 13-14. They conducted legislative and auditing meetings to improve financial policies, procedures, and internal processes. Nearly 50% of monthly budget reports were submitted to an online Dropbox and key financial metrics like DSO, asset turnover, debt ratio, and returns indicated strong financial sustainability. Initiatives were also taken to implement online accounting and contribute to national pricing projects.

1. LC FTU HCMC -BEST
FINANCE AWARD
Term 13 -
14

2. 1. FINANCE POLICY AND
PROCEDURES
- There has been 1 Legislative meeting conducted on 20th Oct, 2013
and 11th May, 2014
- The procedures were made much clearer after each legislative
meeting and members of related functions were educated about
changes
2. REPORTING
- Nearly 50% of monthly budget and actual as well as balance sheet submitted to MC
Dropbox

3. 3. AUDITING
- There was 1 auditing meeting conducted between VPF LC FTU
HCMC and VPF LC HCMC, the output of meeting was updated in MC
Finance Dropbox
- After auditing meeting, nearly 10 different internal processes were
improved
4. FINANCIAL SUSTANABILITY
- DSO = 79.50
- TOTAL ASSET TURNOVER = 1.45
- DEBT RATIO = 0.44
- PROFIT MARGIN ON SALES = 0.24
- RETURN ON TOTAL ASSET = 0.47

4. 5. OTHERS
- Innovate functional initiatives: Online accounting implementation
- Contribute to national initiatives: National product pricing