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Last updated on 2024年6月14日

Here's how you can navigate performance reviews and evaluations with your boss in the accounting industry.

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Performance reviews are an essential aspect of your career in the accounting industry, not just for assessing your past achievements but also for paving the way for future growth. These evaluations can be a source of stress, but with the right approach, they can become valuable opportunities. By understanding how to navigate these discussions with your boss, you can turn them into constructive experiences that contribute to your professional development. Remember, the goal is to demonstrate your value, understand areas for improvement, and align your career aspirations with the organization's needs.

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Sajith Eranga Ranasinghe

Financial Accounting Professional || 12+ Years of Experience || IFRS Expert.

1 Prepare Thoroughly

Before your performance review, gather evidence of your achievements and contributions. In accounting, this could include financial reports you've prepared, audits you've completed, or processes you've improved. Be ready to discuss specific examples that showcase your skills in financial analysis, regulatory compliance, or any other relevant areas. This preparation shows your boss that you're proactive and engaged with your role, and it provides a solid foundation for the conversation.

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Sajith Eranga Ranasinghe

Financial Accounting Professional || 12+ Years of Experience || IFRS Expert.
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Reflect on Achievements: Review your accomplishments since your last evaluation. Focus on key projects, contributions, and any metrics that demonstrate your impact, such as error rates reduced, time saved, or financial discrepancies resolved. Identify Areas for Improvement: Be honest about areas where you struggled and think about what you could do differently. This shows self-awareness and a willingness to grow. Peer and Supervisor Feedback: Collect informal feedback from colleagues and supervisors to get a sense of how others view your performance. This can provide insights that you might not have considered.

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Michael Parfitt

Head of Finance and Accounting at Eightcap EU
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In this case, make sure: 1. Complete year-end FS within the first week of the next month. 2. Financial regulation and capital risk management are intertwined. Your reports have to meet the minimal capital requirements to avoid penalties. 3. Have a list of yearly deadlines and when each was completed. 4. Discuss forecast budget vs actual costs, signify KPI from trade income against company expenses. Specific case: 1. The company deals with client trades and has no reconciliation procedures in place. 2. I proposed to my boss to install a client software reconciliation system. 3. System was installed and it created a clear procedure to reconcile client trades, removing discrepancies and give the CEO an accurate set of FS.

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2 Set Goals

During the evaluation, discuss your long-term career objectives and how they align with the company's direction. Setting clear, achievable goals for yourself shows your boss that you're committed to continuous improvement and eager to contribute to the firm's success. In the accounting field, this might mean pursuing further certifications, specializing in a niche area, or developing new accounting software proficiency.

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Sajith Eranga Ranasinghe

Financial Accounting Professional || 12+ Years of Experience || IFRS Expert.
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Collaborate: Work with your boss to set realistic and measurable goals for the next review period. Ensure these goals are aligned with both your career aspirations and the company’s objectives. Request Support: Identify any resources or support you need to achieve these goals, such as additional training or tools.

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3 Embrace Feedback

Embracing feedback is crucial in the accounting industry where precision and attention to detail are paramount. Approach the review with an open mind, ready to receive constructive criticism. This is not just about acknowledging mistakes but also about understanding how you can leverage your strengths more effectively. Use this time to ask questions that can clarify expectations and help you refine your accounting practices.

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Sajith Eranga Ranasinghe

Financial Accounting Professional || 12+ Years of Experience || IFRS Expert.
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Action Plan: Create an action plan to address the feedback received. Break it down into manageable steps and set deadlines to keep yourself accountable. Seek Guidance: Don’t hesitate to ask for help or mentorship if you’re unsure how to implement certain feedback. This shows your commitment to improvement.

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4 Communicate Clearly

Clear communication is key in performance evaluations. Articulate your thoughts on your performance and listen attentively to your boss's perspective. In accounting, where complex financial concepts are common, ensuring mutual understanding is important. If there are discrepancies in perceptions of your work, discuss them calmly and seek to understand the root causes.

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5 Follow Up

After the review, take initiative by following up on the discussion points. If you've agreed on a plan for improvement or professional development in accounting, start taking steps immediately. This could involve enrolling in a course, seeking mentorship, or improving a particular skill set. Following up demonstrates your commitment to the agreed-upon action items and shows that you value the feedback provided.

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6 Reflect and Act

Post-review reflection is as important as the meeting itself. Take time to process the information exchanged and develop a personal action plan. In accounting, this might involve brushing up on the latest industry standards, improving your use of accounting software, or enhancing your communication with clients. Use the feedback to propel your career forward and make the next review even more successful.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Sajith Eranga Ranasinghe

Financial Accounting Professional || 12+ Years of Experience || IFRS Expert.
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for growth rather than a critique of your performance. Be Proactive: Take initiative in addressing any feedback and seek out opportunities to demonstrate your commitment to improvement.

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Here's how you can navigate performance reviews and evaluations with your boss in the accounting industry.

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1 Prepare Thoroughly

2 Set Goals

3 Embrace Feedback

4 Communicate Clearly

5 Follow Up

6 Reflect and Act

7 Here’s what else to consider

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