Research On The Impact Of New Leasing Standards On Liaogang Port

China’s Ministry of Finance revised the Accounting Standards for Business Enterprises No.21-Leasing in December 2018.As a company listed both at home and abroad,Liaogang Port Will implement the new standards from January 1,2019.The new standards proposed to adopt the right to use the asset model to measure the leased assets,eliminating the operating lease is not reflected in the statement of the disadvantages,but may also increase the risk of enterprise debt repayment,to the enterprise to bring different degrees of financial impact.The research issues of this paper are as follows: Taking Liaogang Port as an example,this paper discusses how the financial performance and operation and management decisions of enterprises are affected by the new leasing criteria,and puts forward countermeasures and suggestions from the aspects of risk management and financing methods in view of the problems existing in the process of coping with the case enterprises.This paper first statistics and analysis the first implementation of the new lease standards of enterprises information disclosure.Liaogang Port,a transportation enterprise,rents a large number of transportation equipment and port facilities in its daily operation,which is greatly affected by the revision of the standards.Therefore,this paper focuses on the case study of Liaogang Port.First analyze the present situation of the leasing business of Liaogang Port then the new lease criterion of Liaogang Port market effect,Liaogang Port for the first time,and then 2019 financial statements according to the rule of old restatement,it to data as the foundation,USES the dupont analysis of financial performance difference model analysis of old and new standards,and in nearly five years of enterprise financial report data as the foundation,The long-term performance of Liaogang Port in 5years before and after the application of CAS21(revision)was evaluated by factor analysis method.Finally,the paper analyzes the strategies that enterprises can adopt to cope with the new lease standards,and puts forward countermeasures and suggestions for the problems existing in the coping strategies of Liaogang Port.The research conclusions of this paper are as follows :(1)In the short term,the secondary market does not agree with the revision of the new lease criterion.It is generally believed that the change of CAS21 will increase the conversion and operation cost of the accounting system of enterprises,and the new lease criterion has a negative market effect on Liaogang Port.(2)The new standards will also have a long-term financial impact on Liaogang Port,reflected in the changes of single financial indicators and financial ratios,and the degree of financial impact on the enterprise reached the maximum in the first year of implementation,and will gradually decrease in the subsequent period.(3)Enterprises can actively respond to the impact of the new lease criteria from the aspects of cohesion policy selection,risk management,lease contract arrangement and financing structure selection.However,there are still problems in risk management,lease contract arrangement and information disclosure of Liaogang Port,and corresponding measures should be taken to strengthen the response.It is hoped that this paper can provide a reference for other enterprises with major operating leasing business,so as to deal with the impact of the new leasing standards more effectively.