The Internal Control Evaluation System Design Of ABF Group Merger And Acquisition

The ABF Group implements the multiplication developmental strategy. The mergers and acquisitions are various, including horizontal mergers and acquisitions, vertical mergers and acquisitions and conglomerate mergers and acquisitions. Many of these mergers and acquisitions are successful cases, but we can also see some painful lessons. As a complex means of management, the mergers and acquisitions are full of risks. Here we are to solve two problems, one is how to have effective controls over the risks of the mergers and acquisitions and how to avoid them, the other is how to establish a set of effective internal control system to suit the mergers and acquisitions of the ABF Group.After doing a series of analyses ,many case research and real case analyses, at the beginning of the thesis I come up with the problems to be solved, including the ABF Group's problems in the activity of the mergers and acquisitions, especially those in the procedure of the integration , the risks the ABF Group will be faced with in the mergers and acquisitions and how to prevent and how to deal with them, and an effective design of the Internal control evaluation system of the ABF Group merger and acquisition.The thesis starts with the process of the mergers and acquisitions,the procedure of the integration,the risks of the mergers and acquisitions,and the theories and the documents related to the internal control of the mergers and acquisitions. After analyzing the ABF Group merging the CDM Corporation,the thesis shows the key analysis on the merger and acquisition integration internal control and the evaluation, discovers its related problems which exists in the merger and acquisition internal control,and offers a proposed project. The ABF Group developed for ten years in the enterprise and it experienced many merger and acquisition cases,but it hardly had official and systematic work to control the entire merger and acquisition process,but also it only made its first attempt to evaluate the merger and acquisition achievements. The evaluation for the first time obtained certain effects,but it also had many problems because it had not formed a complete merger and acquisition internal evaluation control system.With the development of the management, to meet the need to develop the company, something must be done to comb the merger and acquisition process and the control points to guard against the related merger and acquisition risks, so it is necessary to set up the regular achievements evaluation mechanism and complete and perfect entire group's merger and acquisition evaluation system.The thesis is based on the positive analysis about the real cases. To solve the problems raised about the ABF Group merging CDM Corporation case, in the course of the mergers and acquisitions, we have designed a set of complete ABF group's merger and acquisition internal control evaluation system, and put forward the merger and acquisition internal control evaluation model,before that we did some distinguishing and tried to avoid the risks of the mergers and acquisitions,did system combing,and chose the evaluation targets. In the mergers and acquisitions and in the following two years, the evaluation model and the evaluation system has proven to be practical after being carried out in the CDM Corporation merger and acquisition case.The innovation point in this thesis is that we've designed a complete evaluation model after going through the CDM merger and acquisition integration achievement evaluation case and combing the merger and acquisition entire process internal control points.The evaluation model includes the merger and acquisition decision-making evaluation, the merger and acquisition taking-over evaluation, the merger and acquisition integration evaluation and the integration achievement evaluation.The integration achievement evaluation makes key analysis on"the merger and acquisition integration two-year-principle"and the merger and acquisition coordination effect.There are a lot of research on the merger and acquisition achievement evaluation of enterprise at home and abroad,but there are few evaluations about the internal control of the merger and acquisition. By means of the research of this thesis, we can provide references about the enterprise building and perfect the merger and acquisition internal control evaluation system.By analyzing the real cases,we can help the ABF Group to find the problems used to exist in the past mergers and acquisitions and put forward some pointed ideas and suggestions for improvement,which is helpful for the ABF Group to gather experience and improve the implementing ability in the future mergers and acquisitions to improve the merger and acquisition achievement.