Research On The Impact Of New Rental Standards On YT Of Pharmaceutical Retail Enterprises

With the increasing demand for efficient utilization of funds due to social and economic development,the modern leasing market in China is also experiencing expansion of business scale and diversified development of models.Under the original leasing standards,the lessee’s operating leasing business could only be slightly reflected in the income statement in the form of rent,and did not truly reflect the rights and obligations obtained from the leasing business in the financial statements.At the same time,it also provided operational space for off balance sheet financing activities.Therefore,in the context of continuous convergence with international standards,in order to standardize China’s leasing accounting work and improve the level of information quality,the newly revised "Enterprise Accounting Standard No.21-Leasing" was issued at the end of 2018,and domestic enterprises officially implemented it from January 1,2021.The new standard abandons the classification and processing of leasing business,and adopts the "two leases in one" model for recognition and measurement.Combined with the requirements for retrospective adjustment of tenants in the connection regulations,it will have a negative impact on the financial stability and achievement of business objectives of enterprises holding a large amount of operating leasing business.As an important component of pharmaceutical circulation,drug retail has a decentralized layout that is conducive to increasing market share,and store expansion is highly dependent on operating leasing business.Therefore,it is reasonable and meaningful to use this industry to study the impact of the revision of new leasing standards.This article adopts a case analysis method and selects YT,a listed direct pharmacy enterprise,as the research object.Starting from the concepts related to leasing standards,this article analyzes the background of the revision of leasing standards,and compares the differences in accounting treatment between the new and old standards to reveal the core points of the revision of leasing standards.Comparing and analyzing the financial impact transmission path with YT’s 2021 financial report data,it was found that the application of the new leasing standards will lead to an expansion of the company’s asset liability scale,a decrease in operating results in the early stages,and internal structural adjustments to the cash flow statement.Extending the research perspective to the analysis of financial capability,using comparative analysis method,changes in capital structure and accounting have weakened YT’s debt paying ability,profitability,and operational ability to varying degrees,and the overall financial stability of the enterprise has also been affected by fluctuations.Finally,based on the financial impact analysis,the economic consequence theory is introduced to make assumptions about the adjustment of YT’s business strategy and expansion behavior.Finally,based on the above analysis,suggestions are proposed: to build a leasing information management system to facilitate financial personnel to calculate business,maintain sufficient communication with investors,actively optimize the financing structure of enterprises,innovate business formats,and reduce dependence on operating leases.