COMPARISON OF TRADITIONAL FINANCIAL ACCOUTING INDICATORS WITH EVA® COMPANIES IN THE BUILDING IN ORDER TO ASSESS ITS ADVANTAGES AND DISADVANTAGES

Authors

  • Leonardo Soares Francisco de almeida University Federal Fluminense http://orcid.org/0000-0002-6444-3105
  • Julio Vieira Neto UFF
  • Francisco Carlos Ibanez UFF
  • Claudio Luiz de Oliveira Costa UFF
  • Leonardo Bezerra Pimentel Latec - Departamento de Engenharida de Produção / Universidade Federal Fluminense - UFF http://orcid.org/0000-0002-2623-875X

DOI:

https://doi.org/10.14488/BJOPM.2015.v12.n1.a10

Keywords:

EVA®, WACC, cost of capital, as Based Management system value

Abstract

This paper intends to perform the calculation of its EVA® and compare it with the traditional economic indicators in the determination of net income, verifying the advantages and disadvantages of applying (EVA®) as a Management System Based on value. The relevance of this study is to recognize the best proposal that adequately to measure the amount of capital and its opportunity cost. The proposed methodology is based on applying a metric to adequately measure the value of capital and the cost of their compensation through comparison between the traditional method and (EVA®) ten construction companies extracted from the BM & FBOVESPA website. The study results point out that the book profit does not represent the actual value of gain or loss to the stakeholders, the loss itself does not mean prejudice because the traditional metric does not include the opportunity cost.

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Author Biographies

Leonardo Soares Francisco de almeida, University Federal Fluminense

Possui graduação em Ciências Contábeis pela Universidade Federal Fluminense (2007). Pós Graduado em Controladoria e Finanças pela Universidade Cândido Mendes
em 2011. Mestre em Engenharia Civil pela Universidade Federal Fluminense, com defesa de dissertação em 07 de Janeiro 2014. Tem experiência na área de Contabilidade,
Controladoria, Finanças Corporativas e Auditoria.

Julio Vieira Neto, UFF

Dr. Julio Vieira Neto is Associate Professor at Department of Accounting of Fluminense Federal University. His main fields of interest in research are: Life Cycle Management, Valuation, Life Cycle Costing, as well as sustainable development. He is active in a number of national and international research projects.

Francisco Carlos Ibanez, UFF

Francisco Carlos Ibanez has a degree from Universidade Federal Fluminense (2010). He is currently a Technical Administrative Fluminense Federal University. He has experience in Administration, with emphasis Specific Sectors of Directors in

Claudio Luiz de Oliveira Costa, UFF

Possui graduação em Administração pelo Centro Federal de Educação Tecnológica Celso Suckow da Fonseca (2006) e graduação em Ciências Contábeis pela Universidade Federal Fluminense (2009). É aluno de mestrado em Administração da Universidade Federal Fluminense. Administrador da Universidade Federal Fluminense e Professor da Secretaria Estadual de Educação do Rio de Janeiro. Tem experiência na área de Educação como técnico em educação básica e professor do ensino pós-médio técnico em administração e contabilidade, na área de Suprimentos como técnico em suprimento de bens e serviços (gestão de estoques e classificação de materiais), e na área de Administração, notadamente Administração Pública (avaliação de desempenho, estágio). Tem interesse pelos seguintes temas, a saber: Administração Pública, Marxismo, Empreendedorismo, Inovação, Gestão Ambiental, Educação, Educação a Distância, dentre outros

Leonardo Bezerra Pimentel, Latec - Departamento de Engenharida de Produção / Universidade Federal Fluminense - UFF

Engenheiro de Produção e Mestre em Sistemas de Gestão pela UFF.

Possui  experiência em modelagem de processos de negócios e em gestão de cadeias de suprimentos.

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Published

2015-06-30

How to Cite

de almeida, L. S. F., Neto, J. V., Ibanez, F. C., de Oliveira Costa, C. L., & Pimentel, L. B. (2015). COMPARISON OF TRADITIONAL FINANCIAL ACCOUTING INDICATORS WITH EVA® COMPANIES IN THE BUILDING IN ORDER TO ASSESS ITS ADVANTAGES AND DISADVANTAGES. Brazilian Journal of Operations & Production Management, 12(1), 100–115. https://doi.org/10.14488/BJOPM.2015.v12.n1.a10

Issue

Vol. 12 No. 1 (2015): June, 2015

Section

Articles

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