1. the Assignment is to be completed in word format. references of not less than 5 years are encouraged 2. Spacing is 1.5 and Arial font 12. 3. A cover page with your details should is necessary .................................................................................................................................. Finance and Banking   INDIVIDUAL ASSIGNMENT 3  POLICY REPORTING  This assignment carries a 20% weightage toward final grade.  Instruction for Submission of Assignment: Assignments must be submitted to the  Lecturer in the class or on the day of final examination.  A softcopy of the assignment must be submitted in the Google Class  Assignment Instruction  Working capital in common parlance is the difference between current assets and current  liabilities. Current assets usually consist of cash, marketable securities, receivables and  inventory. A major component of current liabilities, on the other hand, is the payables. Management of working capital refers to the practices and techniques designed to control  all the items of current assets and current liabilities. In the ordinary sense, working capital  management is the function that involves effective and efficient use of all the components  of current assets and current liabilities in order to minimize total cost.  1. Prepare a report working capital policy. Include the following information a) Discuss the three main policies governing working capital  b) Discuss in detail the 4 main components of working capital management c) Select 2 listed companies in Malaysia and with the use of the formula, advise  the financial director on how best to implement the policy of working capital.  In your discussion, detail the merits and demerits of working capital as well  as how the current status quo will influence the returns on the company. 2. The assignment should have a minimum of 3000 words.  3. Notes: Paraphrasing:  One of the writing skills you must gain is PARAPHRASING other scholar’s  research. You need to summarize other people’s research in YOUR OWN  WORDS. Otherwise, if you use wording in your paper that is close to the original  research, you are plagiarizing (which is a form of academic dishonesty).  4. You should also keep in mind that article summaries need to be written in your  own words. Scholarly writing can use complex terminology to explain  complicated ideas, which makes it difficult to understand and to summarize  correctly.  In the face of difficult text, many students tend to use direct quotations, saving  them the time and energy required to understand and reword it. However, a  summary requires you to summarize, which means “to state briefly or  succinctly” (Oxford English Dictionary) the main ideas presented in a text. The  brevity must come from you, in your own words, which demonstrates that you  understand the article.  ***