ECONOMIC VALUE ADDED ACCOUNTING : AN APPROPRIATE CORPORATE PERFORMANCE MEASURE
Journal Title: IJAR-Indian Journal of Applied Research - Year 2017, Vol 7, Issue 8
Abstract
Economic Value Added Accounting has been acclaimed to be the most recent and exciting innovation in company performance measures. It can bring great value to a company by focusing the entire organization on activities that produce results valued by shareholders. This study examines the benefits and limitations of using EVA Accounting as a performance measure. Economic Value Added is a technique to measure wealth created for shareholders. EVA is the surplus generated by an entity after meeting an equitable charge towards providers of capital. It is the post-tax return on capital employed (adjusted for the tax-shield on debt) less than the capital employed. Companies which earn higher returns than cost of capital are creating shareholder's value.This technique to measure performance of a company is far better than that of PAT, EPS, ROA.
Authors and Affiliations
Dr. Virender S. Poonia, Ms Vandana
Keywords
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