Research On The Financial Impact Of The New Leasing Standards On Y Express Company

The domestic e-commerce industry has developed rapidly in the past 20 years,which is inseparable from the continuous improvement of residents’ consumption level.Online shopping has penetrated into all aspects of our life.With the rise of e-commerce industry,express has become an important medium,connecting customers and e-commerce platforms.Active market consumption demand and trade activities have brought sustained growth impetus to the logistics industry,and the scale of China’s logistics market has further expanded.The prosperity index of the logistics industry in 2021 was 53.4% on average,an increase of 1.7% compared with the previous year.Thanks to the rapid development of the online retail market,the express industry achieved rapid growth.In such an environment,the market scale of the express industry is unprecedented.As a leading enterprise in the express industry,company Y began to layout its business outlets through leasing earlier to improve its express service.After nearly two decades of development,the operating lease scale of company Y has been far ahead of other competitors in the industry,and with the acceleration of the company’s global layout,its lease scale will reach a higher new stage in the future.However,the problems associated with a large number of leased assets are a great test of the company’s capital structure and resource allocation.If there are major policy changes in the accounting system during this period,the deficiencies existing in the company’s asset management will be exposed,which is easy to cause business risks.After the International Accounting Standards Board issued the new leasing standards,China quickly followed suit two years later and issued a new version of enterprise leasing accounting standards,and the content is basically consistent with the international standards.Although the purpose of the revision of the new leasing standards is to ensure the comparability and authenticity of the information in the financial statements and reduce the opportunities for the company to whitewash the statements,it also has a great impact on the companies that rely on leasing activities.In particular,the express companies such as company Y,which mainly develop the market through the leasing of heavy assets such as housing and land,are affected more widely,and the relevant companies should respond quickly,Make quantitative analysis of the actual financial impact and actively take countermeasures.Through a comprehensive analysis of the financial report,this paper finds that the actual impact of the implementation of the new standards on the statement items of Y company is the assets,liabilities and interest expenses,which leads to the decline of three key indicators of solvency,operating capacity and profitability.The impact on the notes is conducive to investors to obtain more disclosed information,and also urges enterprises to optimize internal control.The year in which company Y implements the new standards is 2021,which is two years longer than other companies that implement the new standards from 2019.Therefore,we can learn from the experience and lessons of other listed companies and summarize solutions suitable for company Y in combination with the latest annual report of the company,so as to reduce the adverse impact of the implementation of the new standards.