Research On The Influence Of New Lease Standard On Chinese Aviation Enterprises

With the continuous advancement of economic globalization,countries around the world have deepened exchanges and integration between various fields.In the field of accounting,the convergence between Chinese accounting standards and international accounting standards as soon as possible is the direction that China’s Ministry of Finance has been striving for.China keeps pace with the international accounting standards for leases.After the latter is revised,it will be followed up and revised.The 2018 revision process has achieved initial results.At the beginning of 2018,the Ministry of Finance issued a draft consultation letter for the revision of the lease accounting standards.This is our lease.A historical milestone achieved by accounting standards on the road to convergence with international accounting standards.The Ministry of Finance issued the "Accounting Standards for Business Enterprises No.21-Leases" on December 7,2018,requiring companies to be on January 1,2019.The gradual implementation of the new guidelines.Compared with the original leasing standard,the new leasing standard has a significant change.This change will also have a significant impact on the financial statements of companies with leasing businesses,which will also affect the users of the report to make economic decisions to a certain extent.In the context of the major changes in the leasing standards,this article analyzes and contrasts the new leasing standards in China in detail,and analyzes and clarifies the changes in detail,so as to obtain the release and The changes in its content have an impact on airlines,and according to Chinese national conditions and the current state of the aviation industry,some suggestions are made for companies to respond to changes in the new leasing standards.Specifically: First,the author analyzed the background and reasons for the changes in the new lease standard from the description and classification of the literature,so as to carry out the revision and changes of the new lease standard.A macro and preliminary understanding;Secondly,the main contents of the new lease standard are compared with the main contents of the old lease accounting standard in China and the new international lease standard IFRS 16,and the similarities and differences are compared to evaluate the advantages and disadvantages of the new lease standard.Thirdly,with three listed airlines as research objects,analyze the impact of the new leasing standards on the aviation industry,and select China Southern Airlines as a typical case company to study its financial statements and operating management in the context of the new leasing standards change.What kind of changes have taken place to study the specific impact of the implementation of the new leasing standards on aviation companies from a quantitative and qualitative perspective;Finally,summarize the full text and point out that China’s new leasing standards will have a greater impact on the financial statements and financial indicators of aviation companies,including: First,the implementation of the new leasing standards affects the company’s financial statements,new use rights assets Leasing liability accounts will cause changes in the balance sheet structure.Increases in depreciation and interest expenses will result in changes in the income statement structure.Changes in the accounting rules for cash flows from operating activities and cash flows from financing activities will result in changes to the cash flow statement structure.Second,the new standard will also have a greater impact on financial indicators such as the asset-liability ratio of the aviation company and the return on net assets in the short term,thus negatively affecting the company’s solvency,operating capacity and profitability.Third,the new leasing standards will also have corresponding impacts on the operation and management of enterprises.Enterprises need to reconsider the choice of leasing model and manage risks.Finally,put forward suggestions for the application and implementation of the new leasing standards.The first is to strengthen communication with stakeholders,the second is to strengthen the management of lease contracts,and the third is to conduct personnel training in advance.