FINANCIAL PERFORMANCES MEASUREMENT TOOLS

Birca Aliona
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Birca Aliona: DOCTORAL SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION,ALEXANDRU IOAN CUZA UNIVERSITY OF IASI, ROMANIA

Annals - Economy Series, 2016, vol. 3, 169-173

Abstract: At the moment, the concept of performance enjoys great popularity in many areas. The typology of performance indicators is very complex, but our research has focused on performance indicators that measure results achieved by the top management. The research contains a number of quantitative indicators, most frequently used by the board of directors through the audit committee, by internal and external audit to measure the achievement of objectives in line with the strategic policies of the entity. Measuring the financial performance without considering the strategic, tactical and operational objectives does not provide a real situation. Therefore we initiated the study by planning the activity of entities, subsequently identified through a series of qualitative factors. In order to ensure objectivity, we proposed both indicators calculated based on revenue and expenditure, and indicators determined on the basis of the cash flow of the entity.

Keywords: Financial performance; non-financial performance; strategic performance; primary strategic objectives; strategic operational objectives. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:3:p:169-173

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