CAJ | 학술논문

企业整体上市的交易复杂且对企业财务影响巨大。整体上市往往涉及上市公司定向增发购买大股东持有的资产，其中确定交易的合并会计类型至关重要。对于并购会计类型的判断，应该遵循实质重于形式的原则，综合考虑交易目的、大股东持股情况、公司治理结构以及相对表决权情况，进而判断并购前后大股东与上市公司之间是否具有控制关系。对于上市公司购买相关资产，应分析相关资产是否满足投入、加工过程、产出的三要素以构成一项业务。对于涉及业绩承诺的或有对价支付，应分析该款项的性质是属于取得资产的初始价值调整，还是合并成本的调整，抑或是并购日后的或有事项。如果并购日后的或有支付采取股权方式，则不应调整合并成本。
기업정체상시적교역복잡차대기업재무영향거대。정체상시왕왕섭급상시공사정향증발구매대고동지유적자산，기중학정교역적합병회계류형지관중요。대우병구회계류형적판단，응해준순실질중우형식적원칙，종합고필교역목적、대고동지고정황、공사치리결구이급상대표결권정황，진이판단병구전후대고동여상시공사지간시부구유공제관계。대우상시공사구매상관자산，응분석상관자산시부만족투입、가공과정、산출적삼요소이구성일항업무。대우섭급업적승낙적혹유대개지부，응분석해관항적성질시속우취득자산적초시개치조정，환시합병성본적조정，억혹시병구일후적혹유사항。여과병구일후적혹유지부채취고권방식，칙불응조정합병성본。
Transactions of overall listing are complex and have great effects on the firms'financial statements.Overall listing involves the firms'directional seasoned equity offering to acquire the largest shareholders' assets, thus it's important to determine the type of consolidation accounting. We should follow the principle of substance over form and determine whether the largest shareholders control the firms before and after overall listing, according to purposes of listing, ownership of largest shareholders, firms' governance structures and vote rights of largest shareholders.For the firms to acquire the related assets, acquirers should evaluate whether the acquisition of the related assets is a complete transaction including the assets' inputs,processes and outputs.As for contingent consideration,acquirers should determine whether the cash received are payments from the asset deficit or shortage, adjustments for the costs of acquisition,or the changes resulting from the events after the acquisition date.If the contingent payments after the acquisition date are paid in the form of equities,no adjustment should be made on the consolidation costs.