The accuracy of Finite Element approximation depends on the size and s
hape of elements. The proposed theory clarifies the source of shape re
lated errors. A new general accuracy condition based on the maximum ei
genvalue of the element stiffness matrix (or, alternatively, its trace
) is presented. Several new and several familiar geometric criteria fo
llow directly from the eigenvalue condition as particular cases. The n
ew accuracy criterion can be used in engineering practice as an a prio
ri measure of the quality of finite element meshes.