Current Perspectives and Future Challenges †MyAssignmenthelp.com

Question: Discuss about the Current Perspectives and Future Challenges. Answer: Introduction: The sessions and seminars attended by me so far have been effective in enhancing my overall learning experience. It can be said that while earlier I had limited knowledge regarding the subject and discipline, attending lectures and seminars as such have provided me with better knowledge in regards with the chosen subject. The wider aspects of accounting and the strategic approaches needed are better understood by me now. After attending the seminar in week 5, the requirement of proper decision making and measurement of the performances within the business environment has been understood by me. While every individual employee strives to provide the organisation with their best effort, it is needed to be ensured that the individual efforts are channelized in a manner to serve the organisational goals (Bennett et al. 2014). Hence, the approaches relating to the measurement of performances were learnt and the importance of the same was recognised by me. On the basis of the seminar and readings of week 5, it has been inferred by me that the decision makers within any organisation are required to be efficient and ensure that the most suitable performance measurement techniques are being applied within the organisation. It will not only enhance and properly direct the individual performances, but will also contribute towards the overall development of the organisations as well (Upadhaya et al. 2014). However, while the performance measurement is initiated by the decision makers, it is important to ensure that standard techniques are being utilised. This will lead to proper determination of the performance level of the employees within any business scenario. Additionally, the performance measurements are required to be recorded in order to ensure that the most effective strategic approaches are being taken by the organisation in order to gain maximum productivity (Cassel et al 2014). The measures required to be taken into account for appropriate determination of performances are now better understood by me. However, it is needed to be understood that the theoretical knowledge are essential to be practically implemented in order to ensure that the best results are being attained. While proceeding with my course in Macquarie, there are various assessment tasks which have been undertaken by me to reflect upon my performance and skills. One of the most beneficial tasks was that of the individual presentation. It provided me with better scope to revise my understanding and attained learning and ensure that I am able to hone my communication skills as well. Additionally, the scope of attaining feedback was another way that was helpful for me to recognise my strengths and the areas in which I have to work on. However, it can be said that the report making assignment was one of the assessments that was not reflecting my comprehensive skills in a proper manner. The word and time limit of the assignment restricted my ability to explore wider aspects relating to the performance measurements. Hence, it did not reflect my understanding regarding the mentioned topic in a proper manner. Overall, the session was helpful for me to understand the twists and bends of performance measurement. The factors which are needed to be considered, techniques which are suitable for different situations and the various perspectives were better understood. As a future accountant, it will be helpful for me in the future to be able to apply these assessment techniques in my professional life. Reference List: Bennett, W., Lance, C.E. and Woehr, D.J., 2014.Performance measurement: Current perspectives and future challenges. Psychology Press. Cassel, C.K., Conway, P.H., Delbanco, S.F., Jha, A.K., Saunders, R.S. and Lee, T.H., 2014. Getting more performance from performance measurement.New England Journal of Medicine,371(23), pp.2145-2147. Upadhaya, B., Munir, R. and Blount, Y., 2014. Association between performance measurement systems and organisational effectiveness.International Journal of Operations Production Management,34(7), pp.853-875.