Ajustes contábeis para o cálculo do eva: estudo sobre os procedimentos adotados em empresas brasileiras

Abstract

The creation of shareholder value is becomingan issueas an answer to thepressure exerted by investors and managingcouncils. Several approaches have been available: among them, one can find the EconomicValueAdded (EVA ), amethodology created by Stern Stewart & Co, which is connected to Residual Profit. In order to correct improprieties perceived in financial statements, some users of EVA adjust the income numbers based on the Generally Accepted A ccounting Principles (GA A P), expecting that such adjustments may producemore trustworthy values and generatean environment favorable to a management behavior closer to optimum. The logic and mechanics behind these adjustments are treated throughout this work, investigatingthe possible relationship between the perception and understanding of the controller, and the use of methods adopted by the company.