A Research On Financial Risk Control Of Midea M&A KUKA

China after reform and opening and the international financial crisis,Chinese government began to adjust the economic structure,and constantly implement the transformation and upgrading of enterprises.Chinese enterprises seized the low-cost investment and high efficiency opportunities to make merger and acquisition.Mean while,during the process of merger and acquisition,accounting activities are existing in every part,however,corresponding accounting risks with accounting activities.Therefore,merger and acquisition enterprises have to be cautious about accounting risk's control which have key impact on the success of merger and acquisition.The Midea in this dissertation is one of the transformation enterprises.The merger and acquisition activity is a core activity for Midea's upgrading and strategic transformation.This dissertation reviewed domestic and abroad related theories and research results comprehensively,and redefined the concept of enterprises merger and acquisition and financial risks;On basis of discovering financial risks,discussing the existing risks of previous-term,middle-term and terminal-term respectively,analyzing and discussing the control theory of enterprises financial risks.By choosing Media acquired Kuka as a research object,in-depth and carefully discussing the concrete representation about previous-term 's pricing risks,middle-term's financing risks and payment risks,and terminal-term's integrating risks,as well as testing overall result by Z-value model,and from this analyzing the financial risks control and insufficient about Media acquired Kuka.Finally,in the case of four major financial risk's control deficiencies,providing strengthen Media merger financial risks control suggestions and getting some revelations,in order to reduce the level of loss.Media chose Kuka group as the target of acquisition,Kuka group not only brings high technology but also brings larger market and development future.Hence,this dissertation is willing to do further research and verification about financial risk theory of merger and acquisition,so as to make clear of which problems should be focused on during the period of Media making merger and acquisition and how to reduce the level of financial risks.What is more,efficient experiences,skills and methods could being learned from Midea's merger and acquisition to provide enlightenment and lessons for future related activities.