Lu Yanhua is a member of the Standing Committee of the Party Committee, Vice Dean of Shandong University, and consultant expert of the Corporate Internal Control Standards Committee of the Ministry of Finance. On November 5, Lu Yanhua gave a special lecture entitled “How to Grow into a Strategic Manager” to second-year postgraduates majoring in Accounting and Auditing at Shandong University.
Lu Yanhua emphasized that strategic management had to involve long-term plans with clear goals, which stress the importance of politics, abilities, and responsibilities. Stressing the importance of politics involves the further development of the “Four Awarenesses” (awareness of the need to maintain political integrity, see the bigger picture, follow the leadership core, and keep in alignment), reinforcing the “Four Confidences” (confidence in the path, theory, system, and culture of socialism with Chinese characteristics), and achieving the “Two Upholds” (resolutely upholding General Secretary Xi Jinping’s core position on the Party Central Committee and the Party as a whole, and upholding the Party Central Committee’s authority and its centralized, unified leadership). In the context of recent unprecedented changes, the aim should be to increase our understanding of the new development concept. Stressing the importance of abilities involves using “the knowledge learned to do a job,” and being able to analyze logically. Accounting professionals should provide useful financial information, which can help users both control the present and plan for the future. Stressing the importance of responsibilities involves fulfilling duties and considering the bottom line, demonstrating self-discipline and professionalism at work, and remaining strategic and enterprising in all aspects of life.
The lecture ended with an interactive session that addressed the question of “the relationship between state-owned asset protection and accounting procedures,” which the students raised. Lu Yanhua’s analysis of the social attributes of accounting was based on the proposition that state-owned asset protection is a fundamental principle of accounting standards. Lu Yanhua also made a comparison between the management of scientific research funds in Chinese universities and the management of “payment partly in kind and partly in cash” in foreign countries, in terms of the reform of “Streamlining administration and delegating power, improving regulation, and upgrading services.”
