The Research Of The Innovation Of Some Theory Problems Of Financial Accounting Based On Knowledge Economy

The Knowledge Economy is becoming the main trend of countries' economy in recent years. Technology advancement and the application of knowledge and information contributed more and more to the increasing of GDP. But, the traditional financial accounting was developed together with the growing of industrial economy; therefore, it had much relation with the industrial economy. So, the innovation and reforming of financial accounting is inevitable in the transformation from industrial economy to knowledge economy. Several typical questions of primary financial accounting theory were chosen for some elemental research by this paper.Generally, financial accounting's development is based on the accounting environments. Thus, at first of all, some change of accounting environments, especially the change of economical environments were listed by this paper. Secondly, analysis was applied to the chosen questions of financial accounting theory, such as accounting objective, accounting hypothesis, accounting elements, accounting cognition and measurement. The challenge from the knowledge economy was presented and some proposals of innovation and reforming were also made by this paper. At last, the financial accounting in the knowledge economy was described as a whole.