Discussion on the Impact of the Implementation of the New Lease Standards on the Leasing Business of Commercial Banks
With the rapid development of the market economy and the increasing complexity of the leasing business,the problems related to the accounting treatment of lessees have been continuously exposed.In order to eliminate the limitations of the traditional lease accounting rules,the International Accounting Standards Board(IASB)introduced IFRS 16 in 2016.On the one hand,it is to improve the reliability and integrity of financial reports and truly reflect the company's assets and liabilities.On the other hand,it is to prevent and resolve operational risks and eliminate the potential risk of lessees using operating leases for off-balance-sheet financing.In order to maintain the continuous and comprehensive convergence of China's accounting standards for enterprises and international financial reporting standards,Ministry of Finance of the People's Republic of China revised and issued Accounting Standard for Enterprises No.21--Leasing(CAS 21)in December 2018 based on the international lease standards and the actual situation in China.The new lease standard introduces significant changes to lessees'accounting practices,and the most notable of which is the abolition of the division of leases into financial and operating leases.And the replacement of them is a unified accounting model.Therefore,the implementation of the new lease standards has had a significant impact on the leasing business of commercial banks.This paper expounds the characteristics of bank leasing business,deeply analyzes the impact of the new lease standards on the leasing business of commercial banks,including the impact on accounting,presentation and taxation,and finally puts forward the strategies for commercial banks to adapt to the implementation of the new lease standards,so as to help commercial banks adapt to its implementation and achieve the high-quality development.
new lease standardscommercial banksleasing business
万方数据
维普
