EVA to boldly go.(economic value added): An article from: CMA Management
Book Details
ISBN / ASINB00098ZSR8
ISBN-13978B00098ZSR7
AvailabilityAvailable for download now
Sales Rank15,098,212
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from CMA Management, published by Society of Management Accountants of Canada on September 1, 1999. The length of the article is 1672 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: EVA or economic value added has been hailed as a financial miracle as, among other things, it is considered the only true indicator of business and management performance. EVA allows all financial decisions to be modeled, tracked, analyzed, disseminated and compensated in terms of a single measure. However, there are at least seven essential flaws in the concept of EVA that raise the issues of what its actual advantages really are, whether it will truly benefit companies and how, if at all, should it be applied. EVA does not measure cash flow nor economic income. It is too complex a concept, and is inadequate as a single measure for any decision. It measures only the short term and is easy to manipulate. Its use ought to modified with at least four suggested considerations.
Citation Details
Title: EVA to boldly go.(economic value added)
Author: David Keys
Publication:CMA Management (Magazine/Journal)
Date: September 1, 1999
Publisher: Society of Management Accountants of Canada
Volume: 73 Issue: 7 Page: 30(4)
Distributed by Thomson Gale
From the supplier: EVA or economic value added has been hailed as a financial miracle as, among other things, it is considered the only true indicator of business and management performance. EVA allows all financial decisions to be modeled, tracked, analyzed, disseminated and compensated in terms of a single measure. However, there are at least seven essential flaws in the concept of EVA that raise the issues of what its actual advantages really are, whether it will truly benefit companies and how, if at all, should it be applied. EVA does not measure cash flow nor economic income. It is too complex a concept, and is inadequate as a single measure for any decision. It measures only the short term and is easy to manipulate. Its use ought to modified with at least four suggested considerations.
Citation Details
Title: EVA to boldly go.(economic value added)
Author: David Keys
Publication:CMA Management (Magazine/Journal)
Date: September 1, 1999
Publisher: Society of Management Accountants of Canada
Volume: 73 Issue: 7 Page: 30(4)
Distributed by Thomson Gale
