Study On The Influence Of New Leasing Criteria On Investment And Financing Decision Of Southern Airlines

With the rapid development of leasing business,more and more enterprises use the accounting loophole of operating lease under the original lease accounting standards to finance off-balance sheet,which is difficult to reflect the real financial situation and affects the quality of accounting information.To further address the shortcomings of the original leasing standards,the IASB and FASB jointly issued new international leasing standards in 2016.In order to ensure synergy with the International Leasing Standards,our Ministry of Finance in December 2018 issued a new Corporate Accounting Standard21-Leasing,to be implemented in phases from January 1,2019 and fully implemented for all listed businesses in the country from January 1,2021.Based on the reasons and background of the change of lease standard,this paper analyzes the defects of the old lease standard and summarizes the main contents of the new lease standard.Then the first batch of enterprises implementing the new leasing standards were selected as the case object to explain the structure of Southern aviation leasing and the motivation of aircraft leasing.Based on the financial information of Southern Airlines in 2017-2021,this paper makes a comparative analysis of the financial data changes before and after the lease standard revision,and then probes into the effect of the new lease standard on the investment and financing of Southern Airlines.At the same time,combining with the countermeasures of Southern Airlines investment and financing,this paper points out the problems of the investment and financing decision of the company under the new leasing standard,and finally puts forward some corresponding suggestions.Expect aviation companies to expand their focus on financing ratios,fleet acquisitions,business changes and decision-making mechanisms.This paper shows that the new leasing standard can improve the quality of accounting information and reduce information asymmetry,and then regulate the leasing market in China.However,in the initial stage of using the new leasing standard,the ratio of assets to liabilities,the rate of return on equity and the turnover of total assets and assets come under great pressure.It is expected that the research in this paper will help the enterprises with a high proportion of leasing business under the new leasing standards to better complete the transition between the old and new standards and provide some reference for them to make and implement effective investment and financing decisions.