Identification Of Off-balance Sheet Financing Of Aviation Enterprises After The Implementation Of CAS 21

The gearing ratio of China’s aviation enterprises has been high,and the use of operating leases for off-balance sheet financing to beautify statements to attract more financing is a common means for aviation enterprises,and the introduction of the new leasing standard will realize the off-balance sheet financing on the table.However,aviation enterprises have been facing the impact of the new crown epidemic in the past two years,and the risk of their off-balance sheet financing may gradually increase.The emergence of alternative off-balance sheet financing methods is inevitable,and the identification system of off-balance sheet financing for aviation enterprises should be reconstructed after the implementation of the new leasing standards.Based on this,this paper takes China Southern Airlines,one of the three major domestic civil aviation companies,as the research object,compares the general methods of measuring off-balance sheet financing on the basis of domestic and foreign literature review and related theories,constructs an off-balance sheet financing identification scheme with direct identification and indirect identification as the core,and finally puts forward relevant policy recommendations.It is found that the new leasing standard has suppressed the off-balance sheet financing brought by leasing classification,so the old identification scheme is no longer valid.The new identification scheme constructed in this paper is as follows: the overall scale of off-balance sheet financing of Southern Airlines is judged by the quality of accounting information and the total amount of commercial credit under indirect identification,and it is found that the overall amount of off-balance sheet liabilities does not decrease compared with that before the adoption of CAS 21;then the specific alternative financing scheme is found through direct identification,and the off-balance sheet financing brought by consolidated statement is the alternative off-balance sheet financing scheme of Southern Airlines.The main innovation and significance of this paper is reflected in the fact that this paper proposes the existence of alternative off-balance sheet financing methods for airlines and introduces the identification of indirect identification of off-balance sheet financing.Through the analysis of a typical case,this paper is important for the users of accounting information to correctly identify the off-balance sheet financing of airline companies.