Research On The Impact Of The Reform Of International Lease Accounting Standards On Chinese Enterprises

With the development of economy,high quality accounting information is becoming more and more important,and only high quality accounting standards can produce high quality accounting information.International accounting standards board(IASB)and Financial Accounting Standards Board(FASB)are committed to the development of high quality accounting standards,the first is the current lease accounting standards.The current lease criterion shall be in accordance with the "risk and reward" standards to divide the lease into operating lease and financial lease,the off balance sheet finance problems caused by such a classification method and operating lease suffered criticism.After the financial crisis in 2008,the enterprise construction contract will recognize the lease as the operating lease and use the operating lease for the off balance sheet finance,which has become a hot issue.the reform of the current lease criterion must be imperative.Since then,in August 2010 released the Draft on Lease Accounting Standards Reform,and in May 2013 issued the Draft on Lease Accounting Standards Reform again.Ask for ideas around the world twice,but did not get universal approval,the controversy over the reform still exists.After many years of research,IASB has finally released the final leasing criterion In January 13,2016 and the new standards will be implemented in January 1,2019.The Lease Accounting Standards(CAS21)carried out in China currently has been achieved substantial convergence with the International Lease Accounting Standards(FAS13,IAS17),and will be revised accordingly according to the continuous convergence roadmap's plan for the accounting standards.In case of the new international lease accounting standards has been released,Whether the lease accounting standards in our country will be the convergence and how to achieve the convergence are the problems need to be solved urgently.To solve these problems,we need to clear the definition of lease,the classification of the lease,the motivation of enterprise leasing,and analyze the reform process of the international leasing criterion,and understand the effect of the leasing reform on our country.This paper studies the reform of accounting standards in this background,and discusses the influence on the lessee enterprise and the lessor enterprise in our country.It is expected to provide useful suggestions for our country's standard setting department,the lessee enterprise,the lessor and the tax department.