Research On The Impact Of The New Leasing Standards On Pharmaceutical Retail Enterprise

In order to adapt to the rapidly developing leasing market,the Ministry of Finance of China revised and issued the Accounting Standards for Business Enterprises No.21-Leasing(CAS21)on December 7,2018,and required enterprises listed on mainland stock exchanges to implement it as of January 1,2021.The new leasing standards have improved the classification,identification,and processing of leasing businesses,and the "two leases in one" provision is bound to have a significant impact on pharmaceutical retail enterprises that operate a wide range of leasing businesses.Therefore,it is of great significance to study the impact of the new leasing standards on pharmaceutical retail enterprises.The main research content of this article is as follows: Firstly,based on the definition of leasing related concepts,this paper compares the revised and revised leasing standards,and elaborates on basic leasing related theories such as leasing right theory to build a theoretical basis for the study;Subsequently,it introduces the impact of implementing the new leasing standards on pharmaceutical retail enterprises,and then takes Yixintang Pharmaceutical as the research object to conduct research from two aspects: first,it analyzes the financial impact of the new leasing standards through the presentation of financial statements and comparison of financial capability indicators;The second is to analyze the changes in the operation and management activities of Yixintang Pharmaceutical from the perspective of operation and management,based on the former.Finally,from the perspectives of drug retail enterprises and users of related reports,suggestions are made on how to implement the new leasing standards and address their impact.The research conclusions of this article mainly include the following three points:(1)The provisions of the new leasing standard "two leases in one" not only make the handling of leasing business more consistent with its economic essence,but also comprehensively improve the quality of accounting information for enterprises;(2)The implementation of the new leasing standards has led to a certain decline in the financial capacity of Yixintang Pharmaceutical,but it can alleviate the financial pressure of the enterprise by innovating the leasing business model,revising the terms of the leasing contract,and establishing subsidiaries specifically responsible for leasing;(3)Under the new leasing standards,in order to reduce dependence on operating leases,the internal management,financing activities,and business model of Yixintang Pharmaceutical need to be changed accordingly.The research value of this article lies in the use of leasing right theory,economic consequences theory,and information asymmetry theory to analyze the revision logic and impact of the new leasing standards,which can enrich these three theories and theoretical research on the new leasing standards to a certain extent.On the other hand,combining the detailed data of Yixintang Pharmaceutical after implementing the guidelines for one year,studying how to implement the new guidelines and the impact of the new guidelines has certain reference significance for pharmaceutical retail enterprises and other industries.