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1、企业并购中的财务评估及风险衡量（Financialevaluationandriskmeasurementinmergersandacquisitions）First,thefinancialevaluationofmergersandacquisitionsM&Aisthemostimportantwayforenterprisestoseekexpansionthroughthecapitalmarket,andtheimplementationofM&AisoftenaffectedbythenearfutureOrdrivenbylong
2、-terminterests,andformaunifiedwholewiththerestructuringofenterprisesaftermergerandacquisitionandtheimplementationofnewstrategies,Themarkofsuccessisthatthevalueofthecompanyexceedsthevaluebeforethemerger.Therefore,tominimizeandBuyriskoravoidpayingtoohighapriceforanattractivecom
3、pany,carefulfinancialevaluationandanalysisItseemsverynecessary.(I)financialevaluationTheacquisitionofthewholeprocessinvolvesmanytaxissuesand,intheUStaxcode,thereorganizationofthethreetypesofCompaniesTransactionsareexempt:first,acquiringcompanyonlyusesitsvotingstocktoexchanges
4、haresofacquiredcompany;Inthesecondcategory,thepricepaidbytheacquirermayincludesomenonvotingassets,butnotmorethanall20%oftheprice;thethirdcategory,inthebuyer'sdesignofthetransaction,thepricepaidtotheacquiredcompanyInChina,theproportionofbuyerssharesisover50%.Thetaxstructureand
5、statusofanenterprisewillproducefinancialresultsfortheenterpriseAsaresult,thetaxassessmentshouldincludethetaxstructureoftheacquiredenterpriseaswellasthewholeofthebuyerEvaluatethenewtaxstructureandpositionaftertheacquisitionofthetargetenterprise.Forexample,thecapitalgainstaxwil
6、lincreasethebuyer'sacquisitionTheexpenditureaffectsthepurchasepriceandtransaction,sothebuyershouldtrytoreducethebuyer'staxexpenditureScheme.(two)conductingfinancialreviewThebuyershalldeterminewhetherthefinancialreportprovidedbythetargetenterpriseaccuratelyreflectsthefinancial
7、positionoftheenterprise,Throughthereviewofassets,liabilitiesandotherinformationprovided,thecompany'sfinancialpositionisanalyzed.YingProfitabilityanalysis,intheincomestatement,deductexpenses,expensesandtaxesfromtheincomeTothenetprofit,theamountthatdeductaprojectcanreflectdiffe
8、renteconomicinformationoftheenterprise,forinstancesalegrossprofitcan
