Research On Related Issues In Goodwill Impairment Test Of Environmental Protection Industry

In recent years,as the hotness of the M&A market continues to rise,the scale of goodwill recognized by listed companies in the early stage is also continuously expanding.Behind the confirmation of huge amounts of goodwill,the reality of goodwill being overvalued is hidden.2018 In the capital market,there was a thunderous incident of collective goodwill by listed companies,and the environmental protection industry,as a part of it,was not spared.In order to further strengthen market supervision and better standardize the goodwill impairment test,the CSRC promulgated "Accounting Supervision Risk Alert No.8-Goodwill Impairment" in November 2018.However,since Circular 8 was issued,because it has not clearly explained some specific issues in the process of goodwill impairment testing,if it fails to further indicate the valuation principle and valuation scope of the asset group,this leads to The valuation methods used are different,and there may be a tendency to subjectively estimate working capital,which has a certain impact on the results of the goodwill impairment test.Therefore,the question studied in this article is whether the asset appraiser has fully performed its evaluation duties and correctly applied the asset group valuation principle for subsequent goodwill impairment tests,thereby scientifically and reasonably assessing goodwill impairment.Based on this,I selected a case of M&A transactions in the environmental protection industry that I personally participated in.I used case analysis,quantitative plus qualitative research,continuous tracking,and hypothesis verification to analyze the goodwill from the initial confirmation to the later stage of goodwill impairment test.Many problems in the whole process of disclosure of goodwill impairment test information by listed companies further clarified the respective roles and roles played by enterprises,certified public accountants and asset appraisers in the entire process.And on this basis,the research conclusion of this article is drawn,that is,the asset appraiser evaluates the operating long-term assets as the scope of the asset group.It does innovate and appropriately uses the valuation principle of the asset group,but it has not been fully implemented and registered.The accountant’s communication assessment responsibilities and subjectively underestimated the size of working capital,which greatly affected the final result of the goodwill impairment test.The innovative significance and application value of this article lies in two points.One is to put the enterprise,certified public accountant and asset appraiser in the same case for in-depth analysis,and analyze their respective responsibilities,especially the valuation responsibilities of the asset appraiser;Second,the combination of accounting and evaluation theory,and the matching of theory and practice,reveals the true valuation principle of the asset group value,thus providing a certain reference value for the improvement of the goodwill impairment test.