Research On Accounting Problems Of Backdoor Listing

The backdoor listing,as an innovation of mergers and acquisitions of enterprises enriches the types of modern enterprise mergers,which makes the capital operation of enterprises have more choices.With the increasing demand for backdoor listings in the capital market,the form,operation methods and processing of backdoors have become more and more complicated.The financial behavior of backdoor listing is constantly evolving and enriching,but the accounting treatment adopted by backdoor listing has not been clarified.The " accounting standards 2006" does not cover the contents of backdoor listing and reverse purchase.Until the " the explanation of accounting standards for enterprises on 2008" first proposed the reverse purchase definition in the business combination part under non-identical control,the accounting treatment of backdoor listing has a certain basis.Later," the explanation of accounting standards for enterprises on 2010" further improved the provisions for reverse purchase,and the backdoor listing accounting treatment becomes more instructive.Although China's accounting standards and explanations for the reverse purchase are continuously improved,from coarse to fine.With the diversification and complication of the form of backdoor listing,on the one hand,the existing standards cannot fully cover the non-standards that appear in the backdoor listing process.In the case of formalities,such as the same control and non-identical control,it does not constitute the accounting treatment of “business”.On the other hand,the reverse purchase accounting standard,on which the backdoor listing is based in the standard form,also has problems in the application process,such as The "business" judgment standard defects,the fair value measurement imbalance and other issues.In September 2016,the CSRC issued the “Restructuring Measures”.The “Restructuring Measures” raised the threshold for listing,cracked down on shellfish and speculation,but did not deeply involve the backdoor.The accounting treatment problem of listing,so,to improve the relevant accounting standards for the backdoor listing,is the current accounting needs to be resolved.This paper mainly uses the literature research method and the comparative analysis method to classify from the two forms of the backdoor listing standardization form and the non-standardized form.Based on the confirmation and measurement of the backdoor listing in the complex form,this paper gives a case study and gives suggestions to improve practice.Frstly,this paper compares the differences between the identification criteria of the backdoor listing and the similar concepts,provides a classification framework for the following questions,and compares the similarities and differencesof backdoor listings in accounting processing,laying a theoretical foundation for the analysis of the following problems.Secondly,the statistics on the current situation of the problem of backdoor listing are statistically analyzed,and some cases are supported by the existing cases in practice.From the standard form and the non-standard form,the problems in the process of confirmation and measurement of China's backdoor listing are proposed.Give suggestions;including redefining the definition of reverse purchase,clarifying the principle of equity trading,narrowing the gap between accounting treatment methods,strengthening the operational guidelines for the concept of “business”,further standardizing the confirmation and subsequent measurement of goodwill,and list for China's backdoor in the development of practice and the improvement of accounting theory.