Research On The Impairment Of Huge Goodwill Of Juli Culture

Since 2007,domestic enterprises have set off a boom in mergers and acquisitions,and mergers and acquisitions at high premiums have accumulated a huge amount of goodwill and greatly increased the risk of impairment.In recent years,due to the impact of the expiration of the performance commitment period,the large-scale impairment of goodwill has led to the occurrence of "goodwill thunder" phenomenon in the performance of listed companies for many times.In this context,the accounting practice and theory circles begin to discuss how to effectively prevent the impairment of goodwill in the process of business merger.Under the above background,this article on the basis of reviewing the existing literature,the basic knowledge combined with related theories related to the goodwill,including principal-agent theory,asset impairment related theory and information asymmetry theory,etc.,from several aspects,multi-angle analysis of specific cases make goodwill when the problems,and carried on the analysis to the underlying reasons for the formation of m&a goodwill,finally gives the corresponding solution strategy,including adjusting the follow-up measurement methods,standardization of merger and acquisition goodwill initial confirmation,etc.,related research to more rich.This paper takes the case introduction and case analysis as the main body.The case introduction introduces the basic situation of the acquirer and the acquireed,the background of the merger and acquisition,the formation of the merger and acquisition goodwill,the financial situation of the company after the merger and the impairment of the merger and acquisition goodwill.The case study first analyzes the deep-level factors of the impairment of the M&A goodwill from several aspects,such as the falsely high initial recognized amount of the M&A goodwill,the actual performance of the acquired party failing to meet the expectation,and the failure to make timely provision for the impairment of goodwill when there are signs of impairment.Then combined with the event study method to study the reaction of Juli Culture’s goodwill impairment in the stock market,and then respectively from four levels to select more representative financial indicators,the case of the enterprise before and after the merger of goodwill impairment of the financial performance of a comparative study.The results show that the large amount of goodwill impairment will seriously affect the listed companies,and the negative signal of goodwill impairment can make the enterprises have a deep understanding of the impact of goodwill impairment of merger and acquisition,and prevent the impairment risk.In addition,this paper also discusses the latest changes of IASB goodwill impairment rules based on the case of this paper,and then discusses the impact of the latest changes of IASB goodwill impairment rules on enterprises.Finally,this paper analyzes the case of Juli Culture’s withdrawal of huge goodwill impairment and puts forward suggestions from three perspectives.First,it standardizes the initial recognition of goodwill,controls high-premium mergers and acquisitions based on the root cause and reduces the recognition of huge goodwill.Secondly,improve the follow-up measurement method of goodwill,so as to improve the quality of accounting information;Third,strengthen internal and external supervision to ensure the timeliness and accuracy of information disclosure.