Study On The Influence Of The Change Of Leasing Accounting Standards On The Financial Affairs Of Hainan Airlines

For a long time,the domestic accounting require the lessee to lease criterion to adopt different operating lease and finance lease accounting treatment way both lease form are the transference of the right to the use of the leased asset,but on the accounting treatment is not consistent,this has led to the financial statements of the different results,thus directly lead to the enterprise financial statements comparable and a drop in the quality of information.In order to improve this situation and in line with international accounting standards,the Ministry of Finance issued the new Accounting Standards for Enterprises no.21 in December 2018,the new leasing standards in the accounting treatment of the lessee,put forward the right to use assets This treatment method effectively reduces the possibility of enterprises using operating lease to achieve off-balance sheet financing,and greatly improves the quality of enterprise financial information As the aviation service industry is an asset-heavy industry and has a great demand for leasing business,the corresponding assets and liabilities of the passenger aircraft previously handled by operating leasing also need to be confirmed,which will undoubtedly greatly increase the scale of assets and liabilities of civil aviation enterprises.This paper studies the impact of the change of accounting lease standards on the financial statements and financial indicators of Hainan Airlines from the perspective of lessee.First of all,from the definition of related concepts,it expounds the theory of time value,the view of assets and liabilities and the theory of information asymmetry,and makes a brief evaluation of the change of accounting lease standards Secondly,it analyzes the impact of the change of accounting lease standards on Hainan Airlines from two aspects of financial statements and financial indicators The study found that after the application of the new leasing criteria,the overall asset structure of Hainan Airlines will undergo great changes,mainly reflected in the large-scale increase of assets and liabilities.Meanwhile,due to the decrease of operating costs and the increase of financial expenses,the total operating profits and net profits of Hainan Airlines have declined significantly At the same time,in terms of financial indicators,the profitability and solvency of Hainan Airlines will also decline to a certain extent.Finally,the research conclusion of this paper is drawn: the application of the new accounting and leasing standards will have a negative impact on the financial status of Hainan Airlines;Hainan Airlines leasing business accounting treatment will be more complex;The change of leasing criteria will lead to the change of leasing mode of Hainan Airlines,and the corresponding countermeasures and suggestions are put forward,such as changing financing mode to reduce the financial risk of enterprises,improving the quality of financial personnel,strengthening financial management,optimizing leasing mode,and rationally planning leasing business.