Studies On EVA In The Use Of Financial Management Of HYJC Company

Economic integration in the world situation, the development of the enterprise continuously by domestic and international challenges. The maximization of enterprise value is the constant pursuit of the goal, to realize the maximization of enterprise value, we must use modern management system to seek a kind of organic value management system, can make the performance appraisal, salary planning, value chain management and other plans to implement integrated management.. Based on the EVA value management system has been applied in foreign countries is very common, and brings to the enterprise long-term development, at present has been introduced into China and has gradually been recognized, there are a considerable number of enterprises shall be applied and obtained the certain result.In this paper, in order to Hengyu building materials (hereinafter referred to as HYJC) as a case study, first describes the overall value management and the theory of EVA, around EVA of the value of this main driving factors, analyzes the defects and causes the traditional system of accounting evaluation index which are used by the. Net profit as enterprises adopt the traditional accounting index calculated is still on the management side, a net profit after deducting the cost of equity capital is not consumed. Take into account the interests of shareholders in the problem, easy to cause the calculated Hengyu building net profit can’t reflect the required rate of return for shareholders, net profit generated in such a way that the enterprise operators have the opportunity to manipulate earnings. Finally, from the performance indicators evaluation, value chain system, salary distribution system put forward relevant management countermeasures to the HYJC value management system, such as the establishment of the EVA as the core of the performance evaluation index system, establish and perfect the compensation assessment incentive system, and provides an important theoretical basis for the implementation of enterprise value management.