Research On Accounting Information Disclosure Of Goodwill's Impairment

With the 1990s merger wave, the intangible asset, especially the proportion of goodwill in the total enterprise asset is higher. Goodwill accounting treatment has been the hot issues of accounting theoretical discussion and research, China's ministry of finance in February 2006 promulgated the new Accounting Standards for Business Enterprises, which has large proposed revise about goodwill, especially proposed "goodwill impairment" particularly, and made regulations about the accounting treatment.The goodwill accounting's research of present domestic theoretical circles most focus on goodwill initial recognition and measurement, few focus on the concrete methods of the subsequent measurement and disclosure. Therefore, under the background of new enterprise accounting standard's change, this article refines the study angle to goodwill impairment, especially to information disclosure. This article considers that, under the influence of the financial crisis, goodwill is facing a higher risk of impairment, however the enterprises still have independent space in choosing information while disclosing annual report. Therefore, research on goodwill impairment, especially the information disclosure, has more practical meaning.This article begins with the theory of goodwill impairment and information disclosure, analyzes the specific content of goodwill impairment processing and accounting information disclosure types and basic principles. And then combines the two parts, mainly discusses the question of goodwill impairment information disclose. Afterwards, this article compares with international, American and our accounting standards on measurement and disclosure of goodwill impairment, analyzes the advantages and disadvantages of tripartite criterion in the actual execution, and finds convergence and gap of our new accounting standards and international standards. In addition, this article statistics the situation of goodwill impairment information disclosure with our listed companies by disclosed data, and then analyzes the method of goodwill impairment information disclosure with a concrete example, finds the problems in information disclosure. Finally, according to empirical data, this article puts forward conclusions. The present situation of our listed companies of goodwill impairment information disclosure is not optimistic. Most enterprises didn't disclose the relevant information of goodwill impairment. The enterprises, which listed on both domestic and foreign countries, have high level of information disclosure, and also can fully disclose information of goodwill impairment. But the enterprises, which listed only in mainland China, have independent space in disclosing information of goodwill impairment. This article suggests that the standards, the outside supervision and employees'ability must improve in order to improve the information disclosure of goodwill impairment.