Research On Accounting Treatment Issues Of Zhong Gong Education Backdoor Yaxia Automobile’s Listing

With the rapid development of my country’s market economy,enterprises’ demand for funds continues to increase.Therefore,under this background,the demand for listing and financing in my country is soaring,which has promoted the continuous growth of enterprises’ backdoor listing.As my country’s backdoor listing becomes more and more complicated,higher requirements are put forward on the accounting treatment standards for backdoor listing.However,due to the imperfect accounting standards of our country,there are many problems in the actual application of backdoor accounting treatment,which lacks pertinence and is too broad.There is a situation that enterprises subjectively choose accounting methods,which greatly affects the quality of accounting information.In addition,compared with western developed countries,the accounting treatment of backdoor listing in our country started late.Domestic research focuses on the analysis of the financial performance of backdoor listing and the analysis of the motivation of backdoor listing,while scholars have less research on the accounting treatment of backdoor listing.Therefore,the accounting treatment of backdoor listing is a major problem in the academic world.This article has studied relevant domestic and foreign literature and found that the combination of rights and interests method of backdoor listing abroad has been abolished.However,compared with the developed countries,my country’s capital market is not mature enough to immediately prohibit the law of integration of interests.my country’s backdoor listing generally adopts two methods: reverse purchase method and equity transaction principle.The difference between these two methods will have different economic consequences,and the preparation of consolidated financial statements is also different in accounting.In fact,due to the uncertainty of the equity transaction principle of goodwill,there is no need to worry about the future impairment of the enterprise,and the financial report of the enterprise can be whitewashed.Therefore,the company’s operators are more inclined to use the equity transaction principle.However,the definition of the use of equity transaction principles in my country is not clear,which leads to the abuse of accounting treatment methods.In the face of this situation,this article uses literature research,case analysis and quantitative analysis methods based on relevant accounting treatment standards for backdoor listings,and analyzes the two accounting treatment methods with the case of Zhonggong Education’s backdoor Yaxia Automobile’s listing.Based on the different accounting consequences and economic results in the past,general conclusions can be obtained through case analysis,and some suggestions for reference to the revision of my country’s accounting standards for reference from foreign accounting treatment standards are proposed.Through the discussion of this article,the following conclusions are drawn: First,refine the accounting treatment of equity transactions;second,reduce the gap between different accounting treatments;third,introduce business judgment rules;fourth,refine non-standard Standards for determining the cost of formal mergers;fifth,enhancing the transparency ofinformation disclosure.It is hoped that the research and discussion in this article can provide a reference case for backdoor listings for regulatory agencies and enterprises,and provide some feasible references for my country to gradually improve the accounting standards for backdoor listings.