The Research on Accounting for Income Tax of Mergers and Acquisitions 国际会计专业(毕业论文) 英文.docVIP

PAGE PAGE i The Research on Accounting for Income Tax of Mergers and Acquisitions Abstract MA stand for mergers and acquisitions. Mergers refer to the situation that the assets and liabilities of one company are transferred to the other company and the first company is dissolved. However, for acquisitions, both companies keep their legal status and one company acquires the control of the other company. With the development of the society, the transactions between companies become frequent and the scale of economy gets larger. Moreover, we find MA become very common in international world. China, as a large developing country of WTO, also has an increasing number of transactions about MA in the past few years. In fact, large companies all around the world have seen a variety of benefits for the development of the enterprises brought by MA. And at the same time the whole society is benefited from MA due to the efficient allocation of resources. However, the rules and standards about MA are not very mature since MA are relatively new rising transactions and very complicated. Fortunately, the issuance of “The notification of the income tax problem of the business combination and division transactions by the State Administration of Taxation” (No.119［2000］of State Administration of Taxation ) make up the blank of tax law. But we are still challenged by accounting for income tax of MA because of the differences between accounting standards and rules of tax law. In order to gain more knowledge about the problem, the essay first introduces the general methods of accounting for income tax. Then the paper discusses the relevant rules of tax law and accounting standards for MA. Last but not least, the thesis talks about the accounting treatment under different types of business combination so as to throw light on the problem. 【Key Words】income tax, MA, business combination, balance sheet liability method, deductible or taxable temporary differences, deferred tax assets or l