Research On The Goodwill Confirmation And Measurement Of Elefirst

Since the 21 st century,the market economy,science and technology in China have flourished,and the capital market has continued to prosper;The share-trading reform in 2006 has greatly accelerated the development of China's securities market and provided a good environment for mergers and acquisitions and restructuring activities among enterprises.Many companies choose to acquire other companies to meet the needs of strategic adjustment and industrial transfer;From 2017 to 2018,a number of listed companies in China's A-shares have successively reported the loss of large-value goodwill,which has aroused widespread concern of the society for the goodwill generated during the merger process.The large amount of goodwill impairment is actually the result of high valuation,high premium,high performance commitment and improper handling of goodwill impairment.Therefore,the initial confirmation and subsequent measurement of goodwill have also caused experts and scholars to think and discuss.The large amount of goodwill impairment is actually the result of high valuation,high premium,high performance commitment and improper handling ofgoodwill impairment.Therefore,the initial confirmation and subsequent measurement of goodwill have also caused experts and scholars to ponder and discuss.So far,both China and the West have discussed more about goodwill and formed a relatively mature theoretical system.By combing the relevant literature,the discussion of goodwill mainly focuses on what is goodwill,how goodwill is recognized,and how goodwill is impaired.The most popular view is that goodwill is the excess return ability brought about by the synergy effect of the internal department and its own advantages.Generally,the part that is paid by the acquiring company is more than the part of the net asset value of the purchased party at the acquisition date.The provision for impairment is carried out by means of impairment test.The existing research conclusions and opinions provide the ideas and theoretical basis for the case analysis of this paper.In this paper,the Elefirst Technology,which has a goodwill impairment of 390 million Yuan in 2018,is the subject of research,through the research on the initial confirmation and subsequent measurement of the goodwillof Elefirst Technology in the process of the merger of its subsidiary Sorui Electric and Dragon Digital Media,it is found that in the process of initial confirmation,the asset valuation method based on the income method has the problem of high valuation and high premium,and the intangible assets have signs of insufficient confirmation.What's more,In the process of subsequent measurement,there are problems such as insufficient provision for impairment of goodwill,unreasonable identification of asset group,and even the possibility of earnings management.In view of the above problems,we propose guidelines and system-related recommendations for the initial confirmation and follow-up measurement of goodwill in China.On the view of initial confirmation of goodwill,it should be evaluated by a method based on evaluation methods and supplemented by multiple evaluation methods,and the rules for confirming intangible assets should be improved;From the perspective of the subsequent measurement of goodwill,it is necessary to strengthen the supervision and management of the impairment of goodwill,improve the relevant norms of asset group identification,and improve the relevantdisclosure system.