Business combination accounting research
|School||Institute of Fiscal Science|
|Keywords||Business Combinations The purchase method Pooling of interest method|
The accounting treatment of the business combination has always been accounting theory and in practice the most important and the most controversial areas of the development and implementation of the business combination accounting standards have been much a high degree of concern. 2001 the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) decided to work together to improve the quality and to achieve international convergence of accounting for business combinations, phased solution to the problem of accounting for business combinations. In order to improve the comparability and reduce the same accounting matters alternative approach, the Financial Accounting Standards, International Financial Reporting Standards respectively in 2001, 2004, formally abolished the pooling of interests method treatment of the business combination, leaving only the purchase method processing of all corporate merger. In order to adapt to the development needs of China's socialist market economy, accelerate the pace of China's economic integration into the globalization process, February 15, 2006, China's Ministry of Finance officially released the Accounting Standards for Business Enterprises, which includes a basic standard and 38 specific criteria. \The new business combination accounting standards with international the combined accounting standards convergence while retain our own characteristics. New business combination accounting standards has made considerable progress in the accounting treatment of business combinations, but equally there are many aspects. This is also the main purpose of the study. In this paper, the traditional norms research methods, a more in-depth study of the theory and application of business combination accounting development. Firstly the induction review and summarize the literature of the business combination, and the basic concept of the business combination described explicitly given in this article on the definition of a business combination. Secondly this paper, historical review of international accounting standards and U.S. GAAP enterprise merger guidelines for the formulation and development of a systematic review and clear the latest international accounting standards and U.S. GAAP accounting for the business combination. Then this paper a detailed review of the the Enterprise Accounting merger guidelines development process of valuable experience in the full analysis of the problems of the status and application of our business combination accounting standards, proposed that China should learn from foreign enterprises merge a series of proposed changes and development process of fully clear the future direction of development of our business combination accounting standards, to take full account of China's basic national conditions, and promote the process of perfecting our business combination accounting standards. Through the above research and analysis, and finally this paper put forward suggestions for improvement of our business combination accounting standards. Recommendation should merge in real terms from the concerned companies to develop fair value guide and establish the fair value of the use of the environment, regulate the impairment of goodwill, to strengthen the consolidated information disclosure aspects to improve our business combination accounting treatment guidelines.