A Study On The Economic Consequences Of The Implementation Of New Lease Criteria

The new leasing guidelines issued by the Ministry of Finance require domestically listed companies to implement the new guidelines from Jan 1,2021.Under the old leasing standard,enterprises divide the leasing business into operating lease and financing lease,and conduct accounting treatment respectively.The new lease standards require the use of "tenure assets" model and the inclusion of operating leases in the financial statements,which will affect the financial data and financial activities of enterprises.This paper chooses Liaogang Shares in the maritime industry as the research object and makes an in-depth study on the economic consequences of the implementation of the new lease criteria.Taking case analysis as the research method,this paper firstly introduces the relevant background of the industry in which Liaogang Joint Stock Company is located,and then introduces the case of Liaogang Joint Stock Company,and expounds the company profile,leasing status and financial status respectively.Then it analyzes the accounting treatment,financial statement change,financial index change and financial activity influence of Liaogang Stock under the new standard.The influence of financial activity is analyzed from the aspects of financing activities,investment activities,business activities and profit distribution.Paper found new lease criterion implementation has increased the scale of assets and liabilities of the enterprise,profit level is affected by standards will reduce in the short term trend of enterprise’s solvency,profitability and operating capacity indexes have different degree of deterioration,in terms of financing,enterprises have more endogenous money,lease liability confirmation to the debt risk of the enterprise,Thus,enterprises are more cautious in introducing exogenous debt funds,making it more difficult for enterprises to raise equity financing and increasing the total financing cost.In terms of risk management,the implementation of the new lease standards increases the interest rate risk and credit risk of enterprises.In terms of tax behavior,the implementation of the new lease standards makes the tax adjustment of enterprises more complicated to a certain extent.