Because of the development of economic theory and the inherent shortcoming of normative accounting theory,positive accounting theory (PAT) appeared in the 1970s.

So this article is to review the construction of the accounting standards for oil and gas industry in the world, and analyzes the situation in China, then it presents some advice for the construction of such standards in China.

The accounting standards for oil and gas industry (ASOGI) is establishing, thus international practice should be learned.

Furthermore, the problems related to accounting standards mechanisms is not only an important part in accounting theory but is also a practical problem which need to research and improve accompanying with the changed economical environment.

This paper discusses on the developing direction of our country s accounting regulation,the developing direction of the accounting service market,and the developing direction of the accounting computerization.

Tax law and accounting regulation respectively have their own aims,principles and standards.

In the paper,the author has introduced the accounting standard system in China,analyzed a series of problems of the accounting standard system in China and put forward corresponding solutions.

Asset impairment standard is one of the most controversial accounting standards.

Social environment decides accounting regulations;thus an important project currently facing China s accounting circles is how to further reform and perfect accounting regulations and how to deal with the tide of accounting globalization under such a background of economic globalization.

In order to examine the effect of accounting regulations in China capital markets, this paper takes empirical analysis on market reactions of accounting information disclosures from the angle of value-relevant research.

Whether accounting regulations are perfect or not influences the quality of accounting information.