Study On The Influence Of New Lease Standards On Z Company’s Finance And Asset Holding Mode

On December 7,2018,China’s Ministry of Finance officially issued the latest revised accounting standards for Business Enterprises No.21-leasing(cas21).which is basically consistent with the new international leasing standards-IFRS 16:leases,that is,it no longer distinguishes between financial leasing and operating leasing,and truly realizes the "integration of two leases" between operating leasing and financial leasing.The new leasing standards enable the assets and liabilities related to operating leases under the old leasing standards to be reflected in the financial statements,so as to effectively avoid the behavior of enterprises using operating leases for off balance sheet financing.After the implementation of the new leasing standards,operating leases lose the advantages of off balance sheet financing,and will also have a great impact on accounting recognition,measurement and presentation.Therefore,the operating management will inevitably consider changing the asset holding mode to better avoid the adverse effects brought by the new leasing standards.From the perspective of the lessee,this thesis selects the power enterprise Z Company as the main case analysis object to study the financial impact of the implementation of the new leasing standards,and deeply analyzes the financial situation of Z Company under different asset holding modes under the new leasing standards.Firstly,this thesis analyzes the basic situation,rental and purchase situation and rental and purchase motivation of Z company,and finds out the internal factors for the management of Z company to choose the asset holding mode,so as to provide support for the follow-up analysis and suggestions.Secondly,it restates the financial statement data of company Z,mainly from the financial impact and management(performance assessment of enterprise principals),focuses on the impact of the change of leasing standards on company Z,and compares and analyzes the asset holding methods that can be selected by the operation and management of company Z,such as the purchase of all assets,the purchase of part of assets Economic analysis by means of operating lease to provide strong support for decision-making.Finally,based on the above analysis,this thesis puts forward some suggestions for the management of Z company.This thesis studies the financial impact of the new leasing standards on Z company,compares the financial data under the asset holding mode that the management can choose,and then puts forward the corresponding countermeasures and suggestions.Taking the electric power enterprise Z Company as an example,it enriches the case study samples of the new leasing standards and makes up for the lack of comparative analysis of asset holding methods.It is hoped that through this case analysis,the current research perspective can be changed and ideas can be used for reference for future research and analysis of relevant parties.