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Financial Performances Measurement Tools

Author

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  • BIRCA ALIONA

    (DOCTORAL SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION,ALEXANDRU IOAN CUZA UNIVERSITY OF IASI, ROMANIA)

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.

Suggested Citation

  • Birca Aliona, 2016. "Financial Performances Measurement Tools," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 169-173, June.
    • Handle: RePEc:cbu:jrnlec:y:2016:v:3:p:169-173
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    File URL: http://www.utgjiu.ro/revista/ec/pdf/2016-03/31_Birca.pdf
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    References listed on IDEAS

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    1. Ludivine Chalençon & Ulrike Mayrhofer, 2013. "Management international et contrôle de gestion," Post-Print halshs-00861969, HAL.
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    Cited by:

    1. Zaher Abdel Fattah Al-Slehat, 2020. "Financial Performance as Mediator on the Impact of Investment and Financial Decisions on Stock Price and Future Profit: The Case of the Jordanian Financial Sector," International Journal of Economics and Financial Issues, Econjournals, vol. 10(2), pages 242-247.
    2. Zodwa Z. F. Mthiyane & Huibrecht M. van der Poll & Makgopa F. Tshehla, 2022. "A Framework for Risk Management in Small Medium Enterprises in Developing Countries," Risks, MDPI, vol. 10(9), pages 1-18, September.

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