Analysis Of The Expected Financial Impact Of The International New Accounting Leasing Criteria On CL Airline Tenants

The current international accounting leasing standards have been criticized by the international community.In one respect,the financial statements do not show the rights and obligations of operating leases,so that operating leases cannot be fully disclosed in the financial statements: from another perspective,the classification of leases in the current standard is too clear,resulting in different accounting treatments.The method has similar economic realities,which reduces the contrast of financial statements.In order to solve the boundary problem,the two international standard-setting organizations will set out the leasing standard as a joint project in 2006 to solve the problem of off-balance sheet financing.However,the new international leasing guide,which is scheduled to be implemented in 2011,has been delayed for a variety of reasons.In1980,the Chinese leasing market was initially formed.After 30 years of continuous development,leasing has become a financing method closely related to the Chinese economy,such as aviation and infrastructure.According to reliable sources,the international accounting leasing standards are expected to come into effect on January 1,2019,and China’s leasing standards will certainly change,and then affect the entire Chinese economic situation.According to the main point of view of the international accounting leasing standard,“two rents are one”,the lessee will no longer distinguish between operating leases and financial leases.The original operating leases are also included in the financial statements for accounting,and are calculated in the same way as financial leases.After the implementation of the new standard,it will inevitably affect the financial situation of the operating leased enterprise.The increase in the asset-liability ratio,the ratio of property rights,and the interest-paying multiples will be worse.The balance of the exchange rate changes on the rent and foreign currency liabilities will be Bringing new foreign currency exposure problems.This paper takes the domestic private airline representative CL as an example to analyze the specific changes of the company’s financial statements and propose corresponding countermeasures.The response to the aviation industry is to modify the contract terms,adjust the system settings,improve the budget assessment indicators,and control foreign exchange risks.The recommendations for the leasing market participants are to actively research new standards,keep up-to-date information,adjust leasing business models,improve the relevant internal control systems of enterprises,analyze the impact of new standards on financial statements,and strengthen communication with stakeholders.The countermeasures and suggestions of China’s accounting standards-setting bodies are to analyze the actual situation of our country in depth and combine the actual situation in China,and gradually promote the reform of the leasing standards.