| In recent years,the pace of corporate development in our country has been accelerating,and the corresponding financing needs have also been continuously expanding.Listing,the most direct and effective way of financing,is highly sought after by companies.However,the mainstream IPO(initial public offering)has the characteristics of high demand,high cost,long cycle,and great difficulty in operation,and as a special form of corporate financing through reverse purchase has always been concerned by the Chinese capital market.Therefore,the accounting problems related to reverse purchase have gradually become hot spots.Under China’s current accounting standards for business enterprises,the accounting treatment of reverse purchases uses the equity transaction method and the reverse purchase method based on whether or not the listed company constitutes a business standard.However,in practice,there are often problems such as the inaccuracy in the judgment of whether it constitutes a business,the uncertainty in the circumstances under which the equity transaction law is applied,and the inaccurate measurement of the combined costs.In this case,The rationality of accounting treatment for reverse purchases deserves our further discussion.Firstly,the thesis begins with the concept and theoretical basis of the reverse purchase,introduces the current accounting provisions for reverse purchase in China,and compares and analyzes with the related international accounting standards.On this basis,taking the "Great Wall Television" backdoor "Jiangsu Hongbao" as an example for case analysis,and then analyze related accounting problems on the reverse purchase.In the analysis section,on the one hand,the irrationality of merger cost confirmation was put forward,and a reasonable calculation of the merger cost was performed;on the other hand,this case adopted the equity transaction method and reverse purchase method separately in comparison of accounting treatment,and the impact of different accounting methods on the financial status and operating results of the company is analyzed,and the rationality of reverse purchase accounting standards is further discussed.Finally,it provides relevant thinking and suggestions on the accounting problems existing in reverse purchase.It suggests to refine the "business" judgment criteria,improve the accounting treatment,and specify merger costs. |
