Research On The Accounting Problem Of Back-door Listing

The emergence of backdoor listing is inevitable.With the development of capital markets,corporate financing needs are also increasing.Compared to the IPO,backdoor listing with short cycle and low cost characteristics attracts the attention of all walks of life,many of which are industry giants.Of course,backdoor listing also rescued some listed companies in trouble.Speculation also came into being.Backdoor listing on the one hand promotes the development of capital markets,on the other hand also really affectes the capital market ecology.In recent years,accounting problems of backdoor listing have been controversial.Different accounting methods have different impacts on the backdoor listed companies,which produces the use of accounting norms loopholes to "design transactions".In February 2006,the Ministry of Finance promulgated a new "Accounting Standards for Business Enterprises" and "Accounting Standards for Business Explanation 2006",marking the end of China's mergers and acquisitions business operations in practice with no standards to follow.Since then,with the heat of backdoor listing,the Ministry of Finance promulgated the "Accounting Standards for Business Explanation 2008" and No.17 announcement.Then the backdoor listing was completely surfaced.It has been more than 10 years since China issued a business combination accounting standards.During this time,China's capital markets developed rapidly.Equity method and equity transactions showed the trend of being abused.So far,accounting problems of backdoor listing still exist.This paper starts from the related concepts of backdoor listing,and then analyzes the application situation of the accounting treatment methods of the backdoor listing,and analyzes those accounting problems,and finally puts forward suggestions and ideas.Among them,the discussion of the concepts of backdoor listing includes the most easily confused concepts,which are backdoor listing and buying shell,and the relationship between backdoor listing and business combination,"business","equity trading principles" and other related concepts.In view of the problems of backdoor listing accounting,this paper puts forward the following suggestions.First,we should insist on the principle of substance over form and define clearly the recognizing standards of "business";second,establish the framework system of equity transaction principle,and enhance the accounting treatment method when it does not constitute "business";third,classify the recognition of goodwill or the amortization of profit and loss into several types and treat them differently under the reverse purchase method;fourth,reduce the imbalance between different accounting methods;fifth,strengthen the value of shell resources research.Only from these aspects can we gradually solve the accounting problems of backdoor listing.