Research On The Influence Of New Lease Accounting Standards On My Country's Aviation Enterprise

Leasing business is one of the important components of China’s economy.The resulting accounting standards for leasing have played a vital role in regulating the leasing market.The current standards distinguish leases into financial leases and operating leases.After the financial crisis in 2008,many companies used operating leases for off-balance sheet financing in an attempt to whitewash financial statements and cover up their true financial conditions.The loopholes in the current leasing standards have attracted more and more scholars’ attention.After several discussions and comments,the International Accounting Standards Board launched the latest international accounting standards in January 2016.According to the convergence roadmap of accounting standards and international accounting standards proposed by China in 2010,the Ministry of Finance issued the "Accounting Standards for Business Enterprises No.21-Leases" in December 2018,which will be fully implemented on January 1,2019.The new lease standard no longer distinguishes between financial leases and operating leases,and the implementation of "two leases in one" effectively eliminates the drawbacks of "off-balance sheet financing" and improves the authenticity of accounting information.As the aviation industry is greatly affected by the new leasing standards,and Spring Airlines ’operating lease assets account for a relatively high proportion in the same industry,this article selects Spring Airlines as a case analysis object to study the impact of changes in leasing standards on aviation companies.In response to the above problems,based on the research on relevant background and literature,using case analysis and other methods,this paper first combs the international convergence process of China’s leasing standards,then analyzes the current status of China’s aviation industry leasing and the expected impact of the leasing standard revision,and then selects business Spring Airlines,which has a relatively high leasing ratio,is a case company.It analyzes the impact of the new leasing standard on Spring Airlines ’leasing decisions,accounting results,and key financial indicators,and proposes countermeasures for Spring Airlines.Finally,it summarizes the previous main contents and puts forward relevant suggestions and prospects from multiple angles.The conclusions of this article are as follows:（1）In terms of leasing decision-making,companies may reconsider the way of acquiring assets.In the case of similar financial management pressures,self-purchase or financing leases have more advantages in asset stability,companies can also plan leasing through scientific The duration of the contract,improve the bargaining power,and try to convert the general contract into short-term leases and small leases to reduce the negative impact of the lease standard revision.（2）In terms of accounting,enterprises should confirm the right-of-use assets and lease liabilities when signing the lease contract,and treat them as depreciation and interest as assets and liabilities.（3）In terms of key financial indicators,the new leasing standard will increase the book value of Spring Airlines ’assets and liabilities,resulting in an increase in the asset-liability ratio and property rights ratio,which will weaken the company’s solvency;in addition,due to the company’s total assets Increase in value,under the premise of stable operating income,the total asset turnover rate will decrease,and the company’s operating capacity will be reduced;the new CAS 21 will make the cost in the profit statement due to interest expenses and asset depreciation.The change from high to low results in a certain degree of decline in the rate of return on net assets and the rate of profit on total assets,which in turn weakens the company’s profitability.