世通财务舞弊案曝光后,一些会计问题引起了会计职业界的关注。然而,人们主要的目光似乎集中在世通如何制造假账上,对其重要资产———商誉方面的会计问题却重视不足。本文拟从财务经济学的并购理论出发对商誉的性质进行思考,并对商誉的会计处理提出建议。一、企业并购动因理论 After the financial fraud of WorldCom was exposed, some accounting problems aroused the attention of accounting profession. However, the main focus of attention seems to be how WorldCom made false accounts, while accounting for its important asset, Goodwill, lays bare emphasis. This article intends to consider the nature of goodwill from the theory of mergers and acquisitions in financial economics and makes recommendations on the accounting treatment of goodwill. First, the theory of corporate M & A motivation