A Study On Accounting Issues Of Lease

There are four factors that affect leasing industry—law, accounting, tax and supervision. To develop leasing business and perfect lease accounting, this paper takes accounting information as masterstroke and pays attention to accounting and tax to discuss the issues of leases accounting standard and accounting behaviors that stand out in practice, such as lease-or-buy decision and tax planning by lease.In theory, by comparing accounting standard for leases in China, in America and in the world, analyze the the discrepancies among them, the reasons and the effects of discrepancies. Then explore the character issues of accounting standard such as pragmatic and perspectiveness, maneuverability and reliability. And bring up some view on the orientation taken in the establishment of accounting standard for leases in China. In practice, by comparing lease and purchase decisions, analyze lease-or-buy decision's influence on accounting information (cash flow, for example) and the main factors that influence accounting information. Thus come to a conclusion that to pursuit particular accounting information, enterprises will make use of the factors to contrive relative lease behavior such as lease-or-buy decision and tax planning with lease. For tax planning acctivities against the purpose of lease accounting standard, analyze its basis and usual practices. As a result, raise relative countermeasures and emphasize that more attention should be paid on the tax factor while establishing accounting standard for leases to regulate enterprises' lease accounting behavior more effeciently.