基于财务报告需求的商誉减值评估案例研究——以M公司为例  

Case Study on Goodwill Impairment Assessment Based on Financial Reporting Requirements-Taking Company M as an Example

作　　者：陈炳燕 Chen Bingyan

机构地区：[1]山东财经大学会计学院,山东济南250014

出　　处：《中国资产评估》2024年第7期72-80,F0003,共10页Appraisal Journal of China

摘　　要：在股票市场中,上市公司年报披露时因商誉减值导致的业绩“爆雷”现象屡见不鲜,随着相关政策的出台,商誉减值测试业务在评估界愈发受到重视。本文以M公司为例,深入探讨了商誉减值评估中可收回金额的计算方法,特别是预计未来现金流量现值的应用。在详细阐述这一方法时,着重强调了两点:首先,商誉收益额口径为税前自由现金流,折现率需要与其保持高度的匹配性和一致性,以确保评估结果的准确性;其次,在预测现金流量时,必须充分考虑资产改良对现金流量的潜在影响,以全面反映资产的真实价值。本文旨在通过上述的探讨,为商誉减值测试评估业务提供补充和完善,以期在实务操作中提高商誉减值评估的准确性和可靠性。In the stock market,it is not uncommon for listed companies to experience"thunderbolt"performance due to goodwill impairment during annual report disclosure.With the introduction of relevant policies,the business of goodwill impairment testing has received increasing attention in the evaluation field.This article takes Company M as an example to deeply explore the calculation method of recoverable amount in goodwill impairment assessment,especially the application of the present value of expected future cash flows.When elaborating on this method,two points are emphasized:Firstly,the goodwill income is measured as pre-tax free cash flow,and the discount rate needs to maintain a high degree of matching and consistency with it to ensure the accuracy of the evaluation results;secondly,when predicting cash flow,the potential impact of asset improvement on cash flow must be fully considered to fully reflect the true value of assets.This article aims to provide supplementation and improvement for the goodwill impairment test evaluation business through the above discussion,in order to improve the accuracy and reliability of goodwillimpairment evaluation in practical operations.

关 键 词：商誉减值测试 预计未来现金流量现值 税前自由现金流 资产改良 

分 类 号：F275[经济管理—企业管理]