企业合并高商誉减值风险研究——以雷柏科技并购乐汇天下为例

XCLW53289  企业合并高商誉减值风险研究——以雷柏科技并购乐汇天下为例  (字数：9899)

摘要

随着社会日新月异的快速发展，各企业单位间的竞争日趋激烈，越来越多的企业为占领市场份额，迫切增强企业自身核心竞争力，这也把企业合并推向了风口浪尖。实践表明，合并商誉的确认与减值及披露等方面亟待完善。本文选取雷柏科技并购乐汇天下为案例进行探析，发现由于目前没有对商誉建立实质性的准则，初始计量中存在盲目高估，减值测试时点和披露也多有问题。经过对问题的思考与探究，笔者认为在并购前需要做好对被合并方的充分研究，谨慎处理并购估值，还要尽量采取手段降低事后风险。因商誉十分特殊，企业不仅除了披露相关的财务信息之外，类似于行业地位或核心技术等无形资产可以体现商誉价值的，也应如实披露。

关键词：商誉； 初始确认； 减值测试； 价值计量

ABSTRACT

With the rapid development of society, the competition among enterprises is becoming more and more fierce. In order to occupy the market share, more and more enterprises urgently enhance their own core competitiveness, which also pushes the merger of enterprises to the cusp of the storm. Then the problems of confirmation and measurement arise in the merger of enterprises, and the problem of goodwill leads to the discussion and thinking of accounting personnel. The practice shows that the recognition, impairment and disclosure of merged goodwill need to be improved urgently. In this paper, Leibo Science and Technology M & A is selected as a case study, and it is found that because there is no substantive criterion for goodwill at present, there is blind overestimation, impairment test time point and cloak in the initial measurement. There are many problems with Lu, too. After thinking and exploring the problems, the author believes that it is important to do a good job in the study of the merged parties before mergers and acquisitions, handle the valuation of mergers and acquisitions carefully, and take as many means as possible to reduce the risk after mergers and acquisitions. Because goodwill is very special, enterprises not only disclose the relevant financial information, similar to the industry status or core technology and other intangible assets can reflect the value of goodwill, but also truthfully disclose.

Key words: goodwill; initial recognition; impairment test; value measurement; accounting information disclosure; enterprise merger

目录

一、绪论1

（一）研究背景及意义1

（二）文献综述1

（三）研究内容2

（四）研究方法2

二、理论基础3

（一）商誉及其本质3

（二）商誉的分类3

（三）商誉减值及其风险3

三、案例简介4

（一）并购双方基本情况4

（二）合并过程及商誉确认结果4

（三）业绩承诺以及商誉减值情况5

（四）商誉确认、计量及披露存在的问题5

（五）高商誉成因7

四、案例启示——对防范高商誉减值风险的建议8

（一）做好并购前的充分研究8

（二）谨慎处理并购估值8

（三）完善事后风险防范手段8

（四）完善与商誉相关的信息披露制度8

结论9

参考文献10