Brief Analysis On Performance Evaluation Based On The EVA

Our country existing appraisal target system mainly takes accountant profit as foundation, and takes the balanced statement and the profit statement correlation index as the core system. Along with the capital market development, the traditional appraisal target computation only includes the debt capital cost in the profit and loss table ,but the rights and interests is neglected, thus it causes the cost computation incompletely, therefore it is unable to judge the accurate quantity which company creates for the shareholder, also it is easy to cause the operator to have the short-term management behavior. But EVA hopes to adjust the financial information to original state to reflect the real growth of shareholder value, it also hopes entrusts with the agent and trustee's common benefit foundation urging the agent taking action according to the trustee benefit maximization, thus it reduces even eliminates the proxy cost to achieve the rights and interests owner's benefit maximization. In view of the traditional appraisal target system 's many malpractices ,this article proposed based on EVA (economic value added) comprehensive achievement appraisal method.To the enterprise achievement appraisal system research design, including the appraisal target, the evaluation criteria and the appraisal method choice and formulation, the author on the one hand analyses the theory, on the other hand using the example analysis makes it practical. This article first introduces the enterprise achievement appraisal elementary theory and analyzes the difference between accountant income and the EVA and its existence reason, and then introduces the superiority of EVA appraisal, in this foundation, the author analyzes the reason why the present enterprise achievement appraisal system has flaws .So the author designs appraisal system based on the EVA and takes the balance score card into consideration . Specially the author introduces the sustainable development target. The author uses the level analytic method to evaluate each target .The author chooses the Zhongxing as the case, and elaborates how to apply the new appraisal system .