Dissertation > Excellent graduate degree dissertation topics show

China 's Listed Company Merger way to pay its financial and accounting issues research

Author: HeDan
Tutor: FuDaiGuo
School: Southwestern University of Finance and Economics
Course: Accounting
Keywords: M \u0026 A Payment Convertible mergers and acquisitions The purchase method Interest Pooling Overall replacement of assets Management Buyout
CLC: F275
Type: Master's thesis
Year: 2002
Downloads: 697
Quote: 3
Read: Download Dissertation

Abstract

On a global scale, the M \u0026 A has become an important means for enterprises to expand the scale and increase their strength and improve efficiency. China's accession to the WTO will be significant opportunities to Chinese entrepreneurs in the global economy of the 21st century, China's enterprises are facing the challenges of the WTO and economic globalization. Due to mergers and acquisitions for the purpose of more powerful alliances, strategic cooperation, involving tens of billions, hundreds of billions of mergers and acquisitions event is no longer uncommon to support such a large-scale mergers and acquisitions, relying only on cash payment is not possible to complete this requires payment innovation adaptation phase to the M \u0026 A activity. In the company's merger and acquisition activity, the payment is the last part of the transaction, is trading the important part of the ultimate success of the choice of the payment related to the vital interests of the M \u0026 A parties appropriate payment allows the parties to reach a balance of interests . M \u0026 Western countries pay often can effectively play the role of a variety of financing, payment method is relatively flexible. In China, mergers and acquisitions as an investment behavior, the process of its development and is not too long, due to the lag in the system of legal norms, making the choice of many payment is only in an attempt to stage. 1999 with Tsinghua Tongfang merger Janette success of the electronic convertible mergers and acquisitions, China's growing number of listed companies to adopt the ways to carry out mergers and acquisitions, had a great impact on the stock market, the securities regulatory authorities, accounting standards-setting bodies are also many unprecedented problems. Therefore, M \u0026 Payment object of study, to study China's listed companies involved in M ??\u0026 Payment Financial Accounting through M \u0026 Payment types of M \u0026 Payment choice analysis. Also developing our consolidated financial statements Accounting Standards process is expected to be introduced this year and very forward-looking and reality, so that the study of the problem, which is the starting point of this study and significance. This article follow the clues and ideas to expand the analysis: First of all, to the general study of the M \u0026 A logical starting point, a comprehensive definition of the meaning of mergers and acquisitions, leads the research object - M \u0026 Payment, which involved in the M \u0026 Payment Financial Accounting issues specific argument. lt; WP = 3 gt; Secondly, financial and accounting issues involved in M ??\u0026 Payment questions - analysis of the problem in accordance with the \Exposition of this part of the convertible mergers and acquisitions involving financial accounting issues, the first questions to our convertible way whether the merger should be adopted for the accounting treatment of (to purchase law or equity set legitimate), then combined with the case as well as the appropriate policy regulations, capital markets, to analyze the situation, the final conclusion: Both methods have their own to adapt to the situation. The main content of this paper is organized as follows: general research in this part of the first part of the M \u0026 A, first, the concept and scope of the M \u0026 A for a complete definition of, and thus be able to make the discussion of M \u0026 Payment based on a more comprehensive basis. Combined with the relevant laws and regulations as well as the interpretation of the M \u0026 A activity in China's securities market today, I believe that the merger and acquisition of narrow and broad (1) narrowly M \u0026 A, that is defined in the Companies Act on the merger and the new merger (2) generalized mergers and acquisitions, in addition to the merger on the Company Law or the new merged controlling mergers and acquisitions, and that the usual sense of the acquisition should include. Secondly, the discussion of the motives of mergers and acquisitions, clarify M \u0026 A motivation depth to explore the areas of mergers and acquisitions of other financial problems premise, of course, also includes M \u0026 Payment choice, because it is closely related with the motive of mergers and acquisitions. Companies reason to choose the implementation of the development of the external expansion through mergers and acquisitions rather than internal accumulation behind with profound economic motives here focused summarize the main theories of Western scholars on the motive, then analyzed this particular in China's securities market special mergers and acquisitions of Chinese enterprises in the environmental motives. Cut to the chase, this part of the payment of the second part of our corporate mergers and acquisitions and cited various mergers and acquisitions Payment types, characteristics and institutional foundation of its existence. In China, the mergers and acquisitions as an investment behavior, the process of its development and is not too long, so the traditional cash payment is mainstream, due to the lag in the system of legal norms, making the choice of many payment is only in an attempt to the stage, for example, convertible mergers and acquisitions, and management buyouts. In addition, given the historical reasons, in the mergers and acquisitions and the formation of their own unique payment as assumed debt and free allocation. Furthermore, due to deficiencies in the system are major shareholders of listed companies conduct mergers and acquisitions rescue assets overall replacement way acquisitions. lt; WP = 4 gt; addition, this section also discusses the impact of mergers and acquisitions Payment factors. There are seven theoretical choice of payment instruments in some studies in the West, on the merger, they are: future investment opportunities hypothesis, risk-sharing hypothesis, control of the hypothesis, the cash can get hypothesis, external monitoring hypothesis, acquisition hypothesis, the enterprise production and operation cycle hypothesis. Accounting standards and tax laws the same on the merger has an important influence on choice of payment instruments. The part of the third part of the convertible mergers and acquisitions involving financial and accounting issues is the focus of the full text. Through analysis of listed companies in China have certain convertible merger case, the Mergence whether using the purchase method or interests set the legal process to explore the final conclusion. In this section, the first two accounting treatment of mergers and acquisitions - the purchase method and equity set legally compare the of interest Pooling and the nature of the purchase method: The difference is that the interest Pooling corporate merger as shareholders' equity and resources merger, the consolidated financial statements is involved in a joint enterprise book value of the merger does not produce the asset value and goodwill, and therefore there is no goodwill recognized and amortized. Enormous asset value and goodwill will purchase method and enterprise assets and liabilities arising from fair value pricing, mergers and acquisitions after the merger gains and losses, as well as some financial ratios have far reaching implications. In July 2001, the Financial Accounting Standards Board (FASB), the official release of \The issue has once again become the focus of attention of the accounting theory and practice community. In China, however, has been more than 10 cases of convertible merger, without exception, using interest Pooling processing?

Related Dissertations

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net Mobile