There have been controversial views of the criterion of authenticity between the perspectives of accounting and law with the focus on the debate of"decision availability"and "fact in law".

Two major genres about the study of accounting objective emerged in America after 1970s,principal-agent responsibility and decision-making availability.

Due to the differences among China and foreign countries in accounting method,accounting system(accounting rule) and accounting contents,investigators must adjust the accounting information according to "decision-making availability" while judging.

There are two schools of accounting objective:decision usefulness and accountability.

And by comparing the difference of the accounting information system between the “stewardship view” and the “decision-making relevant view”, it points out.

And by comparing the difference of the accounting information system between the "stewardship view" and the "decision-making relevant view",it points out tha.

Based on the analysis of the divergence between commission responsibility view and decision-usefulness view and the essence of their differences regarding accounting objectives,this paper provides colleges and universities with basis for choice of accounting objectives.

Based on accounting goal of decision-making usefulness,this paper makes an empirical analysis on value-relevance of asset write-down information using data from 2001 to 2004 in order to comment on implementation effect of asset write-down policy.