Research On Accounting Confirmation And Measurement Of Offcn’s Backdoor Listing

In recent years,the speed of restructuring of domestic enterprises has accelerated,the industrial structure has also undergone substantial adjustments,market competition is becoming more and more severe.In order to snatch market resources and strive for greater development space,major companies are striving for listing qualifications.Against such a background,backdoor listing is favored by many companies that are not eligible for direct listing（IPO）because of its high efficiency and low cost.In order to prevent the proposed listed company from having problems in the actual operation process,such as failure of backdoor listing due to lack of clear guidelines,avoiding costs by exploiting gaps in the accounting standards,and obtaining excess returns,etc.,accounting standards and guidelines related to backdoor listing must be updated and regulated in a timely manner.This article selects the case of the Offcn reverse merger and acquisition of Yaxia Automobile as the research object,based on the relevant accounting standards for backdoor listing,using the case study method and the normative study method to analyze whether the backdoor process of Offcn constitutes the confirmation of "business",the confirmation of merger cost,the confirmation and measurement of goodwill,etc.,it is hoped that the problems existing in the accounting recognition and measurement of Offcn in the process of backdoor listing can reflect that the current standards for backdoor listing are flawed in domestic and make valuable suggestions.In order to solve these problems,this paper firstly summarizes the relevant literature on the mode of backdoor listing,identification standards,determination and subsequent measurement of merger costs,etc.,it provides a theoretical basis for studying the accounting confirmation and measurement related issues of Offcn’s backdoor listing.Then,it introduces the relevant situation of Offcn and Yaxia Automobile,and analyzes the specific accounting confirmation and measurement details of their backdoor listing,it is found that the method of Offcn’s choice of company value assessment is unreasonable,resulting in discrepancies in the recognition and subsequent measurement of the company’s merger cost,There are certain disputes over the definition of "business",which leads to disputes over the determination of accounting treatment methods,and the lack of prudence in determining the amount of performance commitments,which leads the company to face the risk of paying huge amounts of compensation.The root of these problems lies in the lack of detailed guidelines for my country’s backdoor listing guidelines,and the lack of some normative documents such as performance commitments and market supervision make the results of backdoor listing of enterprises be affected by their ability to interpret policies.Finally,some reference suggestions are put forward in view of the defects and blanks existing in domestic current accounting standards for backdoor listing,hoping to contribute to the improvement of my country’s accounting standards system and the strengthening of the standardization of backdoor listing of listed companies.