The Expected Influence And Countermeasures About The Financial Management Of Spring Airlines On The CAS21

On December 13,2018,the newly revised "Accounting Standards for Business Enterprises No.21-Leases"(Accounting [2018] No.35)was issued by the Ministry of Finance.Implementing entities include listing overseas but adopting corporate accounting standards or international accounting standards For companies that prepare financial statements based on the domestic or overseas listed companies.This lease standard has been effective since January 1,2019,and some companies that apply corporate accounting standards can postpone the implementation of the new lease standard by 2 years.The standard will be lessees The accounting treatment was adjusted from "dual model" to "single model",and required lessees to adopt lease liability and right-of-use asset recognition for accounting operations,which has a huge impact on listed airlines that rely on operating lease business.This article sorts out the development process of the leasing standards,uses the theory of economic consequences as the basis for writing,and uses case analysis to select Chunqiu Airlines,which has a high proportion of operating leases,as a case company to analyze the impact of the new cas21 amendment on the company’s operations The specific performance is as follows: changes in accounting methods,financial statement-related indicators,such as profit before tax,interest,depreciation and amortization,and lease liability indicators have increased significantly.Finally,based on the changes in the new lease standard content and the impact on airlines,Spring Airlines is proposed Actionable recommendations.The conclusions proposed in this article include:(1)After the application of the new leasing standard,the book value of assets and liabilities in Spring and Autumn Airlines’ financial statements has increased,which will further improve the equity ratio and the asset-liability ratio index,which will bring the company’s financial cost balance.Shock,to a certain extent,reduce the company’s debt service level.(2)Changes in related subjects in the balance sheet directly affect the company’s total asset turnover rate and bring a certain impact on the efficiency of asset use.(3)The new lease standard The revision has a certain impact on the contents of the Spring and Autumn Airlines cash flow statement and operating profit statement.The company’s operating cash flow can be converted with capital raising cash flow,and the net impact is low;expenses due to interest costs and depreciation of fixed assets As a result,the cost and expense in the income statement will be high first and then low,which will further reduce the company’s return on net assets and the total asset profit rate,which will reduce the company’s profitability.