Study On The Accounting Treatment Of Yunda Express Reverse Purchase Of Xinhai Shares

2016 is the harvest year of China’s express industry.Yunda express,Shentong express,Yuantong express and Shunfeng express have successfully landed in China’s capital market by backdoor listing,which constitutes reverse purchase.This issue has attracted the attention of many investors.In 2008,the issue of "explanation of accounting standards for business enterprises" formally put forward the concept and operation standard of reverse purchase,which is the first time in China’s accounting standards that the concept of reverse purchase appears.For the first time,the accounting treatment method is standardized.Enterprises can choose to use the reverse purchase method or equity transaction method to prepare consolidated financial statements according to specific business.At present,China still follows the Use this rule.With the transaction mode of reverse purchase becoming more and more complex in China,there are many problems in the practice of accounting standards related to reverse purchase.In recent years,most cases adopt the equity transaction method in the preparation of consolidated financial statements,but the difference of each reverse purchase case directly leads to the difference of accounting treatment and has different impact on the financial statements of enterprises.When investors and other stakeholders make decisions based on the relevant financial information published by the enterprise,they will inevitably be affected by this difference,and there is a situation that the enterprise chooses the accounting treatment method subjectively.Therefore,improving the accounting standards for reverse purchase,further refining the definition of reverse purchase,standardizing the selection of accounting treatment methods for reverse purchase,and strengthening the supervision of information disclosure of enterprises will contribute to the long-term development of the capital market.Starting from the basic concepts,this paper clarifies the relationshipbackdoor listing and reverse purchase,describes the accounting treatment method of reverse purchase in detail,discusses the problems in the calculation of business combination cost,the measurement of goodwill in reverse purchase and the preparation of consolidated statements in China and abroad through the relevant documents of accounting treatment of reverse purchase at homeand abroad,and makes a comparison between domestic and foreign reverse purchase This paper compares the accounting treatment of reverse purchase with that of purchase accounting in China,and puts forward some suggestions.Then through the understanding of the application of reverse purchase accounting method in China’s A-share market,this paper studies the accounting method and its economic consequences of the reverse purchase of Xinhai shares by Yunda express.Finally,the conclusion is drawn: the form of reverse purchase transaction is complex and diverse,the standard does not regulate the calculation method of the merger cost of the equity transaction method,and the calculation results of the merger cost of enterprises vary greatly under different accounting treatment methods.The equity transaction method is the first choice of enterprises.Finally,some suggestions are put forward to improve the accounting treatment of reverse purchase in China.