From the view of accounting structure,this article discusses the necessity and possibility to adopt cautious accounting principles reasonably in the new national accounting system and economic activities in contemporary enterprises in our country.

On the basis of the regulations of new accounting system, the paper explains five kinds of accounting dealing matters concerning debts re-composition.

The disagreements between the new accounting system and the present tax law are displayed in the areas of assets, liabilities, proprietor s rights, income, expenditures and cost, etc.

This paper makes an empirical analysis on the effect of new accounting system s implementing by examining market reactions of accounting information disclosures of listed company from two angles of value-relevant research and economic consequences research.

st century is an era of knowledge econmy Since traditional accounting cannot meet the need of knowdege economy,accounting needs innovating This paper points out the necessity and content of accounting innovation from the main characteristics of knowledge econom

Accounting Innovation under Environment of Knowledge Economy;

This paper takes innovation as a goal and decomposes it into executing processes: enterprise analyzing—innovation analyzing—innovation needs evaluating—innovation needs defining—enterprise innovation system designing—documents controlling—enterprise innovation system executing—ente.