What Is Financial Performance Management?

Financial performance management is a performance management subordinate to financial management. It mainly manages the work performance of accountants.

Financial performance management

Right!

Financial performance management is a performance management subordinate to financial management. It mainly manages the work performance of accountants.

Chinese name

Financial performance management

Foreign name

Financial performance management

Category

management

Types of

Performance

Object

Finance

The financial management goal of modern enterprises is to maximize the value of the enterprise. The achievement of financial management goals must depend on

From the perspective of the management process, people's understanding of performance is constantly evolving: from simply emphasizing quantity to emphasizing quality to meeting customer needs; from emphasizing "immediate performance" to emphasizing "future performance. It can be seen from various sayings that performance actually reflects

1. will

As mentioned above, performance is multifactorial. Research in modern science and technology and psychology shows that employee performance is mainly affected and determined by skills, opportunities, incentives, and the environment. It can be expressed by the following formula: performance = f ( Skills, opportunities, motivation, environment)

The formula shows:

1. Performance is a function of four variables: skills, opportunities, incentives, and environment.

2. With other factors unchanged,

Accounting is a job with rich content and extensive coverage. on

Career, also known as career development and career planning, began in the 1960s and was introduced to China from Europe and the United States in the 1990s. The earliest research on career systems was Professor EHSichein of the Massachusetts Institute of Technology. Career refers to a person's work experience throughout his or her life, especially the changes in occupations and positions, and the realization of work ideals.

Career has two meanings: for the individual employee, everyone has the desire and requirements to get growth, development and satisfaction from the work. In order to realize such wishes and requirements, they continuously pursue the ideal career, design To their own career goals and career plans; for enterprises, personal career plans formulated for employees should be valued and encouraged, combined with the needs and development of the organization, to provide employees with multi-faceted advice and guidance, through necessary training, work Design, promotion and other means to help employees achieve their personal career goals.

Enterprises help employees to carry out career planning, which is conducive to the development of employees 'potential and promotes the growth and development of employees; it is conducive to increasing employees' satisfaction and accomplishment; it is conducive to attracting, using, and retaining talents

Faced with the profession of accounting, the general path of accounting personnel's career is shown in Figure 4.1. They have at least two paths: professional path and management path. This provides them with a promotion ladder and more career development opportunities in parallel with managers.

For those individuals who are only interested in the accounting profession, accountants can choose a professional path, from the employee level to the development of senior business positions (from accountant to senior accountant). The improvement on the business capability ladder means that it can have greater independence and have more resources for professional activities. In fact, most accountants follow this path.

For those individuals who are more interested in management positions, the accounting profession is a platform that accountants can use. Generally, individuals enter management positions in the middle of the ladder. This means he has more power to make decisions, while taking on more responsibilities. Thereafter, accountants can have two management career paths: always follow the management career path (from professional accountants to full-time managers) or from the technical career path to the business management career path (from middle-level accounting managers to senior accounting managers) Choose a career development path that best suits your interests and abilities, and reduce the cost of changing your career path. In this way, the accountant's career runs on the "dual track", one is a technical career, and the other is a management career.