Discussion on the Practical Application of the New Leasing Standards Based on the Lessee's Perspective

Abstract

The purpose of this article is to explore practical applications of the new lease accounting standard from the lessee's
perspective. After introducing the background of the leasing standard and outlining the research purpose and significance, the
current state of research on domestic and international leasing standards and the lessee's perspective is summarized. Next, the
issues in applying the new lease standard from the lessee's perspective are analyzed, including the differences between the
new standard and existing standards, its impact and challenges for lessees, and the effects on financial statements and coping
strategies for companies. Subsequently, the subjectivity of lessee judgments in applying the new lease standard is discussed,
including the importance, risks, and challenges of such subjective judgments, and how to make accurate and reasonable lessee
judgments. Finally, a summary of the entire article is provided, and the future trends and directions of applying the new lease
standard are discussed. This research provides useful references and suggestions for gaining a deeper understanding of
practical applications of the new lease standard.