Evaluate the financial performance according to the added economic value in the self-financing departments

Abstract

Financial management has worked in the three stages to use the financial tools, which enabled it to evaluate the financial performance as well as forecast the future with the changes that took place in the environment of the economic units and the time development if these previous indicators became traditional indicators because they did not show an accurate and clear picture of the performance.
This unit, which was directly reflected on all the axes of life, led to the imposition of restrictions on the movement of society and economic units, and therefore, it was necessary to move towards modern methods of the process of evaluating financial performance, which puts financial management at the required level of responsibility and which leads to a negative and fundamental impact on the financial allocations to economic units.
Therefore, the research aims to apply the economic value-added indicator in self-financed government departments, as the value index was used in the application process, as well as a tool in scientific research to extract and analyze results. In addition, the economic value added was applied within the economic unit.
The research sample It is deduced from the use of economic value added to the existence of values. These units are due to the conclusion that the application of economic value added in self-financed government units helps them in laying the financial and administrative foundations for these departments.