Impact Of IFRS16 On Aeronautical Enterprises

In January 2016,IASB issued the IFRS 16,the biggest change criterion requires companies to lease and related business activities into the balance sheet,no distinction between the business activities and financial leasing activities.Under the background of continuous convergence of accounting standards in China,it is analyzed that if our leasing standards adjust according to IFRS 16,the expected impact on aviation enterprises will be expected,and the discussion of coping strategies is of great significance for both theory and practice.The purpose of this study is expected to affect the International Lease Accounting Standards IFRS16 on China's aviation industry,to Southern Airlines,for example,specifically divided into two aspects:(1)influence on financial indicators,through the analysis of China's current accounting standards and accounting for IFRS 16 difference obtained;(2)effect on Corporate behavior decision and risk management,based on financial data on the effect analysis of enterprise purchase/lease decision and risk management will be affected.This article mainly adopts the mode of normative research,and carries out research with IFRS 16,the most recently promulgated in 2016.The main research methods are case analysis methods and comparative analysis methods.The writing logic of this article is based on the theoretical basis of the theory of economic consequences of the concept of assets and liabilities and accounting standards.It elaborates the revised background,history and main content of IFRS 16,and compares it with the existing leasing standards,and then uses the Case Study The impact of the new leasing criteria on China's aviation companies,specifically analyzing the expected impacts including financial information,hire-purchase operations and risk management,and making recommendations for response.The findings of this study are mainly the following 2 points:(1)If IFRS 16 is applied to the operating lease table internalization,financial data of aviation enterprises will widely influence;(2)IFRS 16 is expected to have a wide impact on the financial data,but its effect on corporate behavior,combined with the actual situation of the development of enterprises need to consider.The innovation points of this paper:(1)this paper describes the main contents of the guidelines with reference to the latest guidelines and related information,and compares it with CAS21.(2)to Southern Airlines as an example,in-depth analysis of the reasons for purchase of aircraft assets at present,and combining current time charter aircraft assets,explore the accounting standards change effects on the lessee choice of mode of introduction of assets.(3)take the case company South Airlines as an example to analyze the impact of the change on enterprise risk management,especially the exchange rate risk management.