Researching On The Impact Of China's New Leasing Standards On The Express Delivery Industry

With the development of the economy,operating leases have become one of the ways for most companies to introduce assets.In the express delivery industry,the construction of transportation networks and the acquisition of transportation vehicles are inseparable from the leasing business.However,a large number of operating leases have also brought off-balance sheet financing issues.In order to solve this problem,the Ministry of Finance issued a revised "Accounting Standards for Business Enterprises No.21-Leases" in December 2018.The new lease standard canceled the division between operating leases and financial leases.Operating leases are included in the financial statements.Confirmation of right-of-use assets and liabilities will have a serious impact on the financial status,asset introduction methods,and operating modes of express delivery companies.there are the following three points:(1)After the implementation of the new leasing standards,the company 's assets and liabilities have increased significantly,its solvency has decreased,its profit has increased slightly,and its financial indicators have generally deteriorated;(2)the impact of the direct operation model has been more Significantly,Company H should actively adjust its business model,change the way in which assets are introduced,and take more proactive responses to the upcoming changes in terms of taxation,financing,and risk management.(3)The new standard overcomes the shortcomings of off-balance sheet financing,improves the reliability and authenticity of statements,and has a positive significance for improving China's accounting system.However,implementation should be based on China's national conditions.Too hastily may have a negative impact on the development of the industry.