Research On Impairment Of Goodwill In M&A Of A-share Listed Companies

Driven by various policies,A-share market m&a wave continues to soar.M&a goodwill is often formed in the process of enterprise m&a.With the increase of m&a and restructuring events,the carrying amount of goodwill in the a-share market rises year by year,and the impairment risk is also increasing.In recent years,goodwill impairment events can be seen everywhere,and many listed companies have issued announcements to withdraw large goodwill impairment losses.The issue of goodwill impairment has received increasing attention.In January 2019,the accounting standards board of the ministry of finance discussed whether the subsequent measurement of goodwill was impairment or amortization,and the CSRC also issued a document to give regulatory reminder of the risk of goodwill impairment.This paper adopts case study method,with the examples of steyr company with provision for goodwill impairment of steyr company three times as a starting point,combining with its own actual situation,first of all,analyzes some problems of steyr company goodwill,there are mainly three points: unreasonable impairment test valuation,goodwill disclosure of information is not complete,an exception occurs large goodwill;Secondly analyzes the reasons of these problems,there are mainly six: accounting for goodwill impairment test check does not reach the designated position,goodwill impairment imperfect information disclosure system,to avoid being * ST use of goodwill by earnings management,caused by excessive optimism overvalued the goodwill,self-created goodwill value and party writedowns,management decision-making errors lead to synergy effect is not ideal;The economic consequences of goodwill impairment of steyr company are analyzed again,mainly to reduce the company’s net profit and damage the interests of small and medium-sized investors;Finally,four Suggestions are put forward for the existing problems: improve the relevant provisions on goodwill impairment,optimize the valuation and acquisition link,improve the provisions on internally generated goodwill,and enhance the synergy effect of m&a.