Li Lewen: Avoid Accounting Rules Change And Increase Enterprise Cost

　　 kpmg Li Lewen, partner of accounting firm

In September 19th, the first global Leasing Industry Competitiveness Forum jointly sponsored by the new financial union, armampo United Company and the Tianjin Municipal People's government was held in Tianjin. The theme of the conference is "new normal financial leasing new lease". As a co operative media, Ho news network conducted the full Cheng Tuwen Report. Li Lewen, partner of KPMG accounting firm, attended the meeting and delivered a speech.

The following is a record of the speech:

Wang Fang: at this morning's meeting, many experts raised the influence of accounting standards after accounting modification. We would like to ask Li Lewen to talk about this difficulty.

Li Lewen: I do not specifically talk about the detailed changes, in fact, accounting standards may generally be heard. In recent years, especially after the financial turmoil, the international accounting standards and the Accounting Committee of the United States have made many changes. They have a purpose to converge.

But a lot of people thought about it yesterday. There are many problems in convergence. I think a big change is the lease. Lessee Accounting treatment. The direction you may consider is to consider the accounting standards from the perspective of the lessor, but I think from the perspective of the management, we should also consider from the perspective of the lessee. I am a lessee, generally speaking, I can not say anything, my account is very simple, that is, the rent. But now the International Accounting Committee, many of their tenants engaged in leasing, have two accounts, which is the settlement of future rent. Our original enterprise rented a device, and I didn't need to make any asset allocation at all. Now this asset is more than one, which may affect our financing, when we go to the bank to make financing, some indicators of asset liability and some feedback from the asset side.

But now, if the equipment is leased from the operating lessee, there will be a change in this indicator. This is not only an accounting problem, but also a great influence on the operation and business environment of the whole industry. We have also given a lot of feedback to them, but at present, we know that their ideas will still need to be recorded in the lessee of leasing business. From the perspective of leasing companies, business development may need to be changed. Aspect Perhaps, even when the equipment is rented, other arrangements should be considered to avoid these situations and to increase their own cost. I think this is the biggest change in accounting standards that I see in the whole leasing industry.