Western Financial Accounting (Second Edition) (Second Edition)

Author: Wang Wenjun
Publisher:
Publish Date: 2001-08-04
Features: Mergers and acquisitions refer to the paid transfer of corporate property rights entities, also known as "takeovers." During the process, numerous economic matters, such as asset appraisals, liability settlements, and acquisition liquidations, require processing and accounting by both parties involved. 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 stage, it must also conduct separate accounting for the economic matters of the liquidation. Whether it is a merger or bankruptcy, the accounting involved does not fall under routine accounting work and is not a continuation of daily accounting operations.