Assessing The Effects Of The Reform Of International Leases Accounting Standard On Financial Statements Of Listed Companies In A Share Market

On January 13 th,2016,IASB released the International Financial Report Standard 16,for lessees,the division between operating lease and financial lease before has been abolished,that means operating leases which outside of the balance sheet prior will be measured in the balance sheet now.The change will its exert significant influence on the financial situation and operation results of the corporations that engage in the industries of retail and transportation,etc.I have examined all the 2015 annual reports of listed companies in A share market and selected 287 companies in non-finance industry as the research sample.This thesis reconstructs the cash flow of operating lease and acquires the expected influences on the financial reports of listed companies by simulate applying IFRS 16.Then propose the suggestions of international convergence of Chinese Accounting Standard and supervision strategy of listed companies’ lease business.I have drawn conclusions as follow: The potential influence of future reform of lease accounting standard is overall controllability,but for a few companies which highly rely on operating lease,their financial indexes may be significantly changed.The revision of lease accounting standard can contribute to the improvement of accounting information quality and the actual reflection of financial situation of listed companies.It can also help investors to assess corporation value correctly.