Mining Enterprises Accounting Methods Eva And Eva Retention Rate Allocation Scheme

EVA, Economic Value Added, was first put forward In 1982 by Stern Stewart & Co in the United States. EVA is an applicable system for the value of the company management and performance evaluation, its core concepts is attached to the cost of capital, fully encourage the creation of value, prominent main business management, fully promote the efficiency in the use of funds, care about both of the operators interests and investor interests."Now the most popular financial concept" is the comments of "fortune" magazine about EVA. In the whole world, the EVA corporate governance and performance evaluation system standards have been massively applied. Peter F. Drucker once published articles and points out in the "Harvard Business":"as a important standard of measuring the overall productivity, EVA embodies the value of the management at all levels......" EVA customers and application enterprise has reached hundreds of above, such as the United States postal administration, Coca Cola, Siemens, Singapore airlines. Around the world are flowing Goldman, Zurich credit, Solomon and other investment Banks has reach the EVA benefits and is fully aware of benefits for a wide range of applications of EVA. The customer's common knowledge is:EVA can be more accurate displayed the relative value than former profits such as the single index of benefit, net assets yield, etc. Therefore, the famous Goldman global investment research director Steven Einborn comment EVA:"EVA is a kind of stock analysis is good tool." In China,2007, in 138 state-owned enterprises, as many as 84 enterprises successively chose EVA evaluation system. In 2010, the latest revision of "the chief of central enterprise performance evaluation method" issued by the state-owned assets supervision, "the evaluation method" is the symbol of EVA value system comprehensive promotion in the central enterprise. For the central enterprise and the subordinate enterprise, EVA value system of comprehensive promotion of the state-owned assets supervision will bring them enormous challenge, all aspects of strategy and investment decisions, budget and cost management, management control, salary incentive will inevitably involved. Therefore, the current primary task is to help the enterprise make a smooth transition from the current traditional assessment system of profit as the center to the assessment system of creating value as the center and the enterprise can fully accept, understand, positively use EVA value management system, make the enterprise overcome the shortcomings of the current, fully and the international community, get the real ascension, reach the advantage and leading status in the fierce global competition in a long term.For many years, the development of new mining enterprise in China doesn't last for long, quite a number of new mining enterprise vitality only a few decades, exist only a few years, too. The phenomenon is due to many complex causes, economic structure unreasonable, low market sharing, the management idea and the low management level, not quite stable market position, high market risk and so on are the reasons. The innovation of this paper lies in combining with the characteristics of mine enterprise to improve and use EVA calculation model and calculation, then analyzing and calculation actual EVA value and constructing the rational EVA into rate dividing system for the Diqing mining development Co. LTD. The results of the study have the following two aspects:1. To further study EVA value management system, combining the theoretical knowledge of EVA value management system with the actual situation of enterprise, based on EVA value management system theoretical knowledge, improving and using EVA algorithm, make the calculation method and calculated result in accordance with the actual business situation of enterprise, then set up a value distribution system for enterprises with the calculation method and calculated result.2. Selecting Diqing mining development Co. LTD as case analysis. In the background of Diqing mining development Co. LTD will be recognized as a high and new technology enterprise by the ministry of science and technology. On one hand, improve EVA calculation method according to the actual situation of the company, on the other hand through the improvement EVA value calculation method set up a practical value distribution system for the company.