| The new international leasing reporting guidelines were promulgated on January 13,2016 and implemented on January 1,2019.China revised its new leasing criteria on December 7,2018 and implemented it on January 1,2019.The new leasing criteria mainly reflect the internalization of the balance sheet with the financing nature of the lessee.The core research question of this paper is:What is the leasing,financial and financing situation of the physical retail enterprises in the current economic environment?How does the new leasing criteria specifically affect the financial status of physical retail companies?In specific practice,how to reduce the impact by adjusting asset structure and financial decisions?How to implement the response work through capital operation?Different from previous research,this paper puts the impact of new leasing criteria and response analysis in specific industries and specific cases,and analyzes the mechanism behind Beijing Hualian's frequent capital operation,combined with its financial and financing situation,and will lease new leases.The standard is expected to bring about the impact of asset structure and financial decision-making,and further explore the measures to deal with changes in the lease standard.At the time of the implementation of the lease standard,it is a physical retail enterprise,especially a mainland-listed physical retail enterprise.It should provide some reference for the new lease criteria.The main researches of this paper are as follows:(?)Systematic analysis of the changes and impacts of the new lease accounting standards:Compare the original lease criteria,focus on the measurement and disclosure of the lessee accounting,and reveal the impact of the new lease criteria.(?)Comprehensive case analysis of Beijing Hualian:Analyze the specific leasing,finance and financing of Beijing Hualian,and analyze the differences in financial accounting treatment after the adoption of the new leasing criteria by Beijing Hualian through key data assumptions.Changes in financial statements and changes in financial indicators,as well as the resulting impact on the company's asset structure and financial decisions.(?)Analysis of feasibility suggestions:According to the industry leasing,finance,financing situation,combined with Beijing Hualian to actively respond to the capital operation of the new leasing standards,put forward feasible suggestions.The conclusion of this paper is that operating leases,as a financing method of trading,can indeed hide the financial risks of the lessee.The implementation of the new lease accounting standards has a great impact on the physical retail enterprises with operating leases,mainly due to the increase in assets and liabilities and the decrease in profits,which has caused a series of financial indicators to deteriorate,which has led to asset structure and financial decisions impact.In response to changes in the new leasing standards,we should analyze the financial and financing aspects of the company,improve the asset structure,change the financing methods and channels,and actively respond to the new leasing criteria.The research value and practical significance of this paper are:under the background of the revision of the international leasing standards and the revision of China's leasing standards,combined with the case of Beijing Hualian to deal with the changes in leasing standards,comprehensively analyze the impact of changes in leasing standards on physical retail enterprises,and make specific recommendations.In this case,Beijing Hualian actively responded to changes in leasing standards and rationally applied capital market operations—asset divestiture and mergers and acquisitions to reduce shocks,and more importantly,realized resource allocation,optimized asset structure,and improved revenue,ability.Through the research of this case,it has great practical reference for the two major dilemmas of the physical retail industry to actively deal with the operation-financing difficulties and the revision of the lease standard. |
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