Western Financial Accounting, Second Edition

Author: Wang Wenjun
Publisher:
Publish Date: 1999-06-29
Features: Corporate mergers and acquisitions (M&A) are the paid transfer of corporate property rights entities, also known as "purchase and merge." During the M&A process, numerous economic transactions, such as asset appraisals, liability settlements, and M&A liquidations, require processing and accounting by both parties. Corporate bankruptcy, on the other hand, is a legal procedure. Once a company is legally declared bankrupt by a court and enters the bankruptcy liquidation phase, it also needs to perform separate accounting for the economic transactions of the bankruptcy liquidation. Whether it's M&A or bankruptcy, the accounting involved does not fall under routine accounting work and is not a continuation of daily accounting operations.