Impacts and Resolutions of the International New Leasing Accounting Standards on Chinese Retailing Business

Abstract

In 2016 the International Accounting Standard Board formulated the new accounting standards for leasing, which had a significant impact on China's retailing business. This paper points out the impact of the new accounting standards on China's retailing business based on the understanding of the content of the international new leasing accounting standards, and then proposes three resolutions which can improve profitability in the period of steady and rapid economic development.