New International Lease Criterion And Its Influence

In 2010 and 2013,IASB and FASB jointly released two versions of the exposure draft.Based on extensive solicitation of opinions from all sectors of society,the new lease accounting standard IFRS 16 was promulgated in January 2016 and will be released on January 1,2019 Effective.The biggest change in the new international leasing standards is the introduction of the "right to use theory," clearly stipulates that all leased assets will be included in the balance sheet,the lessee in the accounting treatment is not in the distinction between operating leases and financial leasing,it will be unified accounting approach Accounting.With the continuous development of economy and globalization,the Ministry of Finance is continuously narrowing the differences between China's accounting standards and international standards.The revision of international leasing standards will inevitably lead to further revision of China's leasing standards.If China's leasing criteria are adjusted in accordance with IFRS 16,it will definitely affect the financial statements of related companies,and it will have a certain impact on the users of the statements and their stakeholders.Therefore,this article starts from the IFRS 16 standard,studies its revised changes,analyzes its impact on the leasing companies,and proposes policy recommendations for the current state of our country.Firstly,this article collates and studies related literature,analyzes the background and revision ideas of the international leasing standards reform,and then has a preliminary understanding and understanding of the new international leasing guidelines;Second,it compares the new international leasing guidelines with the Chinese leasing guidelines.Analyze the impact of the new international leasing guidelines on the enterprises in practical applications;then,conduct a case study on the treatment of the statements of an airline in China and the processing of one leasing transaction under two different leasing criteria to further clarify the lease People will be affected after the implementation of the new international leasing standards;finally,it is clearly stated that in the current situation of rapid economic development and leasing industry gradually going international,China should gradually converge with the new international leasing criteria,but the convergence does not mean that it is completely consistent.We should gradually consider the current development situation in China,the maturity of the market,and the interests of all parties.