Study On Accounting Treatment Of Goodwill In Frequent Mergers And Acquisitions Of Liantronics

At present,there are many problems in the recognition,measurement and disclosure of goodwill in listed companies,such as high goodwill,virtual impairment test of goodwill,incomplete information disclosure and so on.With the continuous accumulation of huge goodwill in mergers and acquisitions,problems related to goodwill become more and more prominent.In many large mergers and acquisitions of enterprises,lianjian optoelectronics is a prominent example.From 2014 to 2017,the company made 13 frequent mergers and acquisitions,with the total amount of mergers and acquisitions reaching 5.461 billion yuan and 4.637 billion yuan of goodwill,accounting for 94.67% of the total net assets.Based on the rapid development of science and technology,but not mature capital market prosperity development present situation,the article will revolve around lianjian photoelectric frequent mergers and acquisitions in the form of goodwill analysis,guided by the theory of goodwill,using the method of case analysis to explore the lianjian photoelectric combination of initial recognition of goodwill,follow-up measurement on goodwill and goodwill disclosure accounting problems.Then it analyzes the causes of these problems in the accounting treatment of goodwill,and reflects on the value assessment,performance commitment terms and the test and application of goodwill impairment,and the transparency of relevant goodwill information disclosure by using the income method in the merger and acquisition of enterprises.In view of the problems in these aspects,some cases are obtained for inspiration,hoping to provide reference for similar mergers and acquisitions enterprises as well as for the majority of investors to provide reference.The main conclusions are:(1)this paper statistics and analysis the lianjian photoelectric the formation process of high frequent m&a goodwill,think top lianjian photoelectric overestimate the acquired company future earnings,profit compensation agreement through raise the merger consideration,therefore in the process of merger and acquisition of 13 companies,merger goodwill initially recognized amount widespread overvalued.(2)based on the analysis of the post-merger financial situation,lianjian photoelectric company did not achieve excess profit;From the analysis of the synergistic effect in the core value of the goodwill,it can be inferred that the goodwill of lianjian photoelectric has been impaired in2015.The company has problems such as insufficient provision for impairment of goodwill,artificial delay of the term of impairment of goodwill and lack of detailed disclosure of relevant accounting information of goodwill.(3)the large amount of impairment loss of goodwill at the two time points of 2017 and 2018 is selected,which has a huge impact on the net profit and may be subject to earnings manipulation.The above problems in the accounting treatment of goodwill in the m&a of lianjian photoelectric are not limited to the m&a of lianjian photoelectric,but also exist in the m&a of other enterprises.Companies in the sameindustry shall pay attention to determine the appropriateness of consideration paid in m&a,do a good job in the integration after m&a,standardize the initial measurement and subsequent measurement process of goodwill,and strengthen the disclosure and supervision of goodwill accounting information.This paper provides some information for the future study of merged goodwill,and also hopes to provide reference for similar merger enterprises.