Research On The Impact Of New Leasing Standards On Energy Transportation Enterprises

In the context of economic globalization,china’s shipping industry is currently developing rapidly.Leasing,as a new financing method,helps shipping companies expand their operations.The leasing industry is currently a key support object for our country’s economic development.At the same time,the promulgation of the new leasing standards will promote the reform of the leasing industry.In order to promote the synchronization effect of our country’s Accounting Standards for Business Enterprises and International Financial Reporting Standards,and in view of the promotion of the implementation of the new international leasing standard IFRS16 on the leasing business,the Ministry of Finance issued a draft of the new leasing standard for comments in 2018 and formally issued it in December of the same year.The new lease standard CAS21 further promotes the convergence of my country’s accounting standards and international accounting standards.At the same time,the confirmation,measurement and presentation of leasing business by enterprises will be more standardized.First of all,this article will briefly introduce the specific content of the new CAS21 lease standard.The innovation of the CAS21 new lease standard is the cancellation of off-balance sheet financing caused by operating leases.Except for exempt items,all leasing businesses must confirm that the right-of-use assets are listed in the financial statements,achieving the effect of "two leases in one".The promulgation of the new CAS21 lease standard will have an important impact on many industries,such as aviation companies with a large number of leased aircraft,shipping companies with leased ships,and retail businesses with leased stores.The new lease standard allows companies with a large number of leasing businesses to confirm the corresponding right-of-use assets and lease liabilities,and change the structure of financial statements.Since the leasing business is very important to the development of the shipping industry,this article will take the shipping industry as the analysis industry and COSCO SHIPPING Energy Transportation Co.,Ltd.as a case for further analysis.Adjust the financial statements of the case company based on the requirements of the new leasing standard CAS21,compare the changes in the financial statements before and after the implementation of the new leasing standard,and analyze the possible economic consequences of this impact,such as corporate financing,financial risks,value evaluation,etc.influences.Sort out the impact of these changes on the case company,and give some appropriate suggestions for the case company to respond to the changes in the new leasing standards.