Innovation and Reform of Financial Accounting under New Normal in China

摘要

The paper starts from the research method and the excepted purpose, and then describes the connotation of financial accounting. This part mainly introduces the historical evolution, functions and basic principles of financial accounting. Next, it puts forward financial accounting face many challenges now. This section discusses the impact of financial accounting from two parts of itself and the outside. Based on these crises, it analyses the response of financial accounting, namely innovation and change. Since then, it tells the development trend of financial accounting under New Normal in China, thus leads the emergency that the current financial accounting must innovate. This part will demonstrate it and do researches from different aspects and different points of view. The last part is the conclusion.