Research On Financing Countermeasures Of Airlines Under New Leasing Standards

In January 2016,the International issued the "International Financial Reporting Standards No.16-Leases".Among them,the biggest change in the standard is to require enterprises to "two leases into one".In terms of accounting treatment,lessees should pay attention to operating leases and financial leases.All are treated equally and included in the balance sheet.In 2018,my country closely followed the international pace and also issued the new lease accounting standard CAS21,and confirmed that it will be implemented on January1,2019.my country’s aviation industry uses leasing as the main means of introducing aircraft,and based on the advantages of off-balance sheet financing,the proportion of operating lease business has increased year by year.Compared with other industries,the internalization of operating lease schedules has had a greater impact on the aviation industry.Therefore,it is necessary to study the impact of the new leasing standard on airlines,the extent of the impact,and what countermeasures and suggestions are needed.At present,many articles have analyzed the impact of the new leasing standards,mainly focusing on the financial impact on airlines,and have not further analyzed whether the financial impact has an impact on the risks and economic activities of airline companies.This article has the following research questions:(1)What impact will the implementation of the new leasing standards have on aviation companies? What is the degree of impact?(2)Will changes in related indicators further affect corporate risks and economic activities?(3)What countermeasures should airlines take under the new leasing standards?According to the theory of economic consequences of accounting standards,due to the changes in the new lease standards,changes in accounting information affect the operating results and operating decisions of relevant interest groups,and produce corresponding economic consequences.Therefore,based on case analysis,this article analyzes the impact of the new leasing standard on China Southern Airlines from three aspects: financial status,risk management,and corporate economic behavior,and has the following important findings:(1)The new leasing standard improves the authenticity of the lessee’s financial statements.Improve the quality of information;(2)The new leasing standards have varying degrees of impact on the financial status of airlines;(3)The proportion of airline operating leasing business is different,and the impact on their financial status is different;(4)New leases The standard increases airline financial risk,interest rate risk and exchange rate risk;(5)The new leasing standard affects the leasing business,financing activities and investment activities of enterprises to a certain extent.(6)Measures must be taken from three aspects: operation management,financing behavior and investment behavior to reduce the adverse impact of the new leasing standards on airlines.The main value of this article:(1)Theoretical significance: The new lease standard has just been promulgated and will be implemented on January 1,2019.The study of the standard is time-effective.(2)Practical significance.The aviation industry has a relatively high proportion of leasing business.The change in leasing accounting...