Along with WTO accession, China has gradually entered the world economy, there are greater changes inevitably in the social economic environment of China, and the change of the social economic environment will directly influence the development of the theory and practice of the accounting. This article made the analysis of which both the development of the change of the social economic environment and the influence of the financial accounting, then emphasized three ways from which the improvement of the accounting legal system, the specification of the financial report and the intensification of the accounting information processing, to discuss the directions of the financial accounting reform.
