Research On Accounting Problems About Backdoor Listing Of SF

Listed financing is one of the major ways for Chinese enterprises to raise funds,which is the largest capital raised methods.Due to the limitations of the current financial market and banking system in our country,private enterprise financing activities are more limited,in order to raise more funds,expand the scale of operation,realize the strategic layout,many private enterprises will be listed as milestones for the development of the company.Under the circumstances of the strict requirements,high cost and long waiting period of IPO in China,many private enterprises have to give up.Therefore,backdoor listing has become an important way for Chinese private enterprises to enter the capital market.In this thesis,I put the SF backdoor listed trading scheme as the starting point,introduces the basic situation,SF and DingTai transaction process and transaction motivation,including major assets exchange,issue shares to buy assets,raise matching funds and sign profit forecast compensation agreement.Secondly,this thesis analyzes the accounting treatment of SF backdoor listing,including the relevant accounting process of backdoor listing in the transaction confirmation,the choice of accounting method,the merger cost determination,balance sheet presentation.Then,on this basis,it points out the accounting problems existed in SF backdoor listilng,including the equity transaction accounting method overestimates the financial performance,the combination costs determine based on virtual high asset assessment value and the costs involved with private placement of shares and equity pricing exist large manipulation,and the presentation of equity does not conform to the principle of substance over form accounting,on the basis,I analyze the reasons in detail.Finally,some suggestions are put forward for the problems in this paper.By analyzing the above problems,this thesis provides suggestions about designing scheme for the enterprises,which plan to backdoor listing;provide the corresponding reference for the backdoor listing companies in the choice of accounting methods,help them combine themselves factors and make accounting decisions for the future development of companies;and help for to standardize the accounting treatment of the backdoor listing transaction process and improve the relevant standards and norms in China.