Research On The Influence Of IFRS16 On The Financial Status Of Spring Airlines

As one of the important ways of financing for modern enterprises,leasing plays a more and more important role in the national economy.The accounting standards of leasing have also standardized the development of leasing industry.The current standards are divided into two kinds of leasing modes: operating lease and financial leasing..In 2008,after the financial crisis,many enterprises made off-balance-sheet financing through the mode of operating lease,in order to cover up the true debt situation,which also made the malpractice of the current lease criterion questioned by scholars.After much consultation and discussion,in January 2016,the International Accounting Standards Board(IASB)issued IFRS16,which cancelled the lessee's operating lease model and blocked the company's access to "off-balance-sheet financing",improving the quality of accounting information.In our country,the standard setting is also continuously converging with the international accounting standard.Under the background of economic globalization,in 2010,our country put forward the road map of convergence of accounting standard and international accounting standard.Drawing on IFRS 16,the Ministry of Finance issued the draft of the Accounting Standards for Enterprises No.21,on January 8,2018,issued by the Finance Office.Therefore,the change of international accounting standards will inevitably affect our accounting standards in the future.In this context,we need to predict ahead of time to study the impact of the change in standards and prevent troubles in the first place.First of all,this paper summarizes the development of leasing standards,and then compares and analyzes the differences between the contents of the IFRS16 and the CAS21,pointing out the problems in the current standards of our country and the positive significance of the latest accounting standards.At the same time,taking Spring Airlines,which accounts for a large proportion of the total assets,as the object of study,analyzes the changes of its financial statements and financial indicators under the new international standards,as well as its impact on the future development of Spring Airlines.In the end,this paper puts forward relevant suggestions.After the study of the latest international standards,this paper summarizes the following conclusions :(1)Under the application of IFRS16,the financial statements and the financial statements has changed,including the increase of assets and liabilities in the balance sheet,the increase of asset-liability ratio and the decline of the total asset turnover.At the same time,the increase of the lease liabilities will give rise to the ascend of the financial expenses in Spring Airlines.(2)After the change of lease criteria,it has a certain impact on the statement of air cash flow and profit statement in Spring and Autumn period.Rental expenditure will be changed from operating activities in the statement of cash flows to financing activities,but the overall net cash flow has not changed;the income statement is due to additional interest charges incurred in the pre-lease period.Total operating costs will change from high to low,but the overall total will change less.