Research On The Financial Impact Of New Leasing Stndards On S Retail Enterprises

In recent years,with the rapid development of China’s real economy,leasing business has penetrated into various industries of the national economy,such as retail and consumer goods industry,transportation industry,telecommunications industry,aviation industry,energy facilities industry,etc.at the same time,leasing business has also become a way for enterprises to obtain the right to use assets.In order to improve the accuracy of financial information of China’s leasing industry,further improve China’s enterprise accounting standard system and maintain the continuous and comprehensive convergence with international financial reporting standards,in December 2018,the Ministry of Finance issued Cai Kuai [2018] No.35 accounting standards for Enterprises No.21-leasing(CAS21).Under the new leasing standards,the actual operation of the company can be more truly reflected in the financial report.At the same time,it reduces the possibility of the company using off balance sheet assets to whitewash the financial statements and enhances the credibility of the financial report.By sorting out the changes of the new leasing standards and the old leasing standards,combined with the current leasing industry background and development status,and taking the real data of s retail enterprises as an example,this paper analyzes the impact of the implementation of the new leasing standards on enterprises.In terms of accounting treatment,the lessee has changed from dual lease mode to single lease mode,which improves the lessor’s lease classification principle and the requirements of lease information disclosure;In terms of financial statements,the leased assets are included in the balance sheet as use right assets and lease liabilities,which greatly improves the asset liability ratio and reduces the solvency of the enterprise;In terms of enterprise expenses,the depreciation expenses of use right assets and the interest expenses of lease liabilities are included in the income statement,resulting in the decline of enterprise profitability,increased financial risks and financing difficulties.However,enterprises can balance the adverse impact of the new leasing standards on enterprises by improving their profitability,adjusting the term of lease contracts,changing lease methods and other measures.