Research On Accounting Treatment Of "Listed Company+PE" Industrial Merger Fund

In recent years,the growth rate of China's economic development tends to be flat,the industrial structure is in the adjustment and upgrading stage,the government constantly encourages enterprises to carry out merger and reorganization,in order to serve the national economic development transformation and upgrading of the strategic objectives.The realistic need of economic development,the strong promotion of national policy,so that the "listed company +PE"(private equity,that is equity investment),this China's original operation mode of fund came into being in the capital market,the operating model is also in recent years original in China's new financial phenomenon.This new model has become one of the important means for domestic listed companies to enhance their industrial layout ability,find the potential subject of investment and obtain the source of merger and reorganization.The innovation of the financial model of the "listed company +PE",as well as the special organization form and operation mode of its limited partnership system,lead to the contradiction between the external legal form and the inherent economic essence,and there is a certain degree of lag in the supervision and regulation and specific requirements of the supervision layer in this respect.So that the specific business in the process of applying the current relevant accounting standards,there is a clear arbitrariness and accounting standards are difficult to effectively solve the related accounting treatment problems.Specific to the accounting practice operation,listed companies in the fund investment accounting confirmation,follow-up measurement and whether the fund should be included in the financial consolidated statement and other treatment issues,there are great differences,listed companies for the relevant business information disclosure quality is also different,accounting practice and theoretical circles on this controversy.Therefore,this paper expounds the research background and significance,research ideas and methods,and takes the principles of accounting response enterprises' business activities and their economic essence as the starting point,and briefly introduces and analyzes the basic characteristics,organizational form and operation flow of the "listed company +PE" fund.Under this premise,focusing on the current situation of accounting treatment of this funds,and the problems arising in the process of applying accounting standards,combined with the organizational structure model of the limited partnership system of this funds.This paper holds that: first of all,the current standards should further improve the definition and judgment of the significant impact of equity investment,and secondly,the investment of listed companies in funds should be recognized as long-term equity investment in order to be more in line with the economic essence of the business.The potential obligations of a bottom nature should be confirmed in accordance with the relevant provisions of contingent items.In addition,from the point of view of strengthening supervision,this paper thinks that it should be made clear that the accounting treatment of fund profit distribution by listed companies and listed companies should include the funds that meet certain preconditions in their consolidated statements,and a clear disclosure format and disclosure content are put forward for strengthening the relevant information disclosure.