The Impact Of The New Leasing Standards On Shipping Companies And Their Countermeasures

On January 1,2019,China officially implemented the Accounting Standards for Business No.21 —— Leasing.Compared with the core change of the 2006 standard,the lessee no longer divides the lease and confirms the use assets and lease liabilities.Although the change makes up for the lack of off-balance-sheet financing in the old lease standard,it will inevitably have a greater impact on the industry relying on off-balance sheet lease assets.As one of the most risky industries in the world,many enterprises under the old standard choose business leasing to replace self-built or financial leasing to introduce ships in order to control the asset-debt ratio.While the new lease standard will capitalization the operating lease,this move can not achieve the effect of controlling the asset-liability ratio.In this way,the cancellation of the lessee operating leasing category has a significant impact on the financial statements of the shipping industry,and then further affects the financial indicators and management of the shipping enterprises.From the reform of leasing standards,we study the impact of the risk data on the shipping industry,analyze the impact on the risk control of the new leasing standards,and guide the management decisions,and propose countermeasures for other shipping enterprises that implement the new leasing standards.The paper found that:(1)CCCC has large-scale operating leasing assets before the official implementation of the new lease,Therefore,after the implementation of the new lease guidelines,the assets and liabilities have expanded significantly,The fees on the profit statement are both high and low,At the same time,the total cash flow remains unchanged;(2)is affected by the new financial information of the lease guidelines,China and far-sea control is not only likely to increase the difficulty of debt financing,Take on greater foreign exchange risks and interest rate risks,too;(3)To adapt to the changes brought about by the new lease guidelines,China has taken a series of measures,including adjusting the introduction of ships,Increase the investment in self-built ships,Strengthen risk management,change strategic strategy,and management decisions;This series of measures controls the extent of the adverse impact of financial data,Hedge against the impact of the risk changes,At the same time,it has also adapted to the requirements of the China-sea and far-sea control development strategy.