Research On Goodwill In Merger And Acquisition Of Traditional Enterprise New Energy Transformation

Mergers that are not under the same control generate goodwill.In recent years,the macroeconomic situation is sluggish,and the problem of overcapacity in the manufacturing industry is serious.Under the influence of the policy of "Three cuts,One cut,One remedy",a large number of traditional enterprises have started to embark on the road of merger and acquisition.In 2018,the occurrence of A collective goodwill storm in the a-share market brought the issue of goodwill into people’s eyes again,and aroused the attention and discussion of the industry.Among them,the goodwill problem is mainly reflected in the transformation and merger of many traditional enterprises,which exposes the hidden goodwill problem and potential risk behind this new M&A phenomenon,which is worth in-depth research and consideration.Goodwill has always been a hot issue in the accounting field,and there is no consistent conclusion.The research question of this paper is: how to carry out accounting recognition and measurement to more accurately reflect the nature of goodwill?Through the statistical analysis of the overall situation of goodwill in China’s A-share market in 2018,this paper explores the motivation of M&A,the status quo of initial recognition and follow-up measurement of goodwill,and then locks on such M &A events as new energy transformation and M&A of traditional enterprises.New energy industry is a new industry developed under the guidance of policy.The change of policy brings great uncertainty to the development of new energy industry.In the process of transformation of traditional enterprises into new energy M&A,the target enterprises have distinct technical characteristics,and intangible assets account for a large proportion.This paper selects Luxiao technology as a case study company to analyze the process and goodwill of its merger and acquisition of three new energy enterprises in succession,clarify the situation and characteristics of new energy transformation merger and acquisition,the causes of high premium merger and acquisition,as well as the problems of goodwill accounting exposure in initial recognition and subsequent measurement.It is found that in the new energy transformation merger and acquisition event of Luxiao technology,there are some problems in the recognition of goodwill,such as insufficient off balance sheet assets evaluation,high consideration premium of merger and so on.There are subjective and lagging defects in the subsequent measurement of impairment test method.In view of this,this paper proposes to use the real option model to optimize the income method in the initial recognition of goodwill in order to avoid risks,enrich the category of intangible assets in the accounting standards to fully identify off balance sheet assets,and determine whether the subsequent measurement method of goodwill is to choose amortization or impairment according to the type of resources acquired by merger and acquisition of enterprises,as well as enter the impairment of goodwill into "other comprehensive income" Some suggestions are put forward to restrain the motivation of earnings management.New energy industry is the general trend in the future.M&A is the only way to adjust and upgrade the industrial structure.The research results of this paper can provide reference for the choice of the subsequent transformation and merger of enterprises,help investors to reduce investment risk,help regulators to improve the quality of supervision,and enrich the case study of goodwill accounting.