Federal Land Development Authority - Finance

Finance

BACKGROUND

 
Quality and effectiveness of finance management will help boost economic activity and FELDA development. The departments take some initiatives in establishing and strengthening FELDA as follow:
  • Manage FELDA finance wit quality and effective as efforts to strengthening FELDA finance.
  • Strengthening finance management and improve competitiveness to be able to control expenses and generate income to finance FELDA development activities.
  • Implement finances activities into functional departments to achieve annual Key Performance Indicator (KPI) and departments objectives.

OBJECTIVE

 
  • Ensure finance and asset management implemented efficiently, transparently and effectively in accordance with the rules and procedures laid down by the enforcement, control, investigation and monitoring at the Department, Regional and Plan.
  • Plan manage and control annual expenses based on the ability and the distribution approved by organization.
  • Ensure the control and management of risk is effective.
  • Ensure organization has stable and strong cash position through the implementation of planning and money management are efficient and prudent.
  • Improving quality of services and force competency for the system information to a third party becomes stronger.
 
 

CHALLENGES

  • Various effort need to implement to maximize the income of FELDA and ensure the need of cash flow is adequate to make sure every planned programs or activity can be implemented effectively and quality.
  • Effectiveness in deliquent debt management is important for improving the achievement and monitoring should be made in Regional and Tanah Rancangan.
  • Monitoring and encourage prudent spending practices to ensure adequate allocation.
  • Strategic asset planning should be undertaken to identify the ideal asset group, an efficient new assets, existing assets and the elimination of inefficient assets.

ROLES AND FUNCTIONS

 Bil  Headquarters Regional  Plan
 1. Ensuring the implementation of the financial system of an organization is in compliance with the standards such as FRS and MASB. Complying and implementing financial regulations. Complying and implement finance regulations.
 2. Planning, managing and controling annual expenses based on the abiliti and distribution approved by organization. Monitoring and managing the allocated budget.  
 3. Monitoring and supervise credit control.  Help and implement credit control. Collects the loans that has been distribute to the qualify settlers.
4.  Monitoring in and out cash flow record. Help and check cash flow in plan. Ensure the safety of the csh.
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