Abstract: With the rapid development of China's market economy status of small and medium enterprises in the national economy has become increasingly prominent. Standardize the accounting system for SMEs, the completion of the development of accounting standards for SMEs has become an inevitable trend of the economy can continue to take off. October 18, 2011, the Ministry of Finance issued a document "Accounting [2011] 17" "small business accounting standards. And January 1 this year, the full implementation of all small and medium-sized enterprises. For small business accounting standards proposed development as well as problems and countermeasures described, and made a detailed explanation for the small business accounting standards and small business accounting system, the Accounting Standards for Business Enterprises, International Enterprise Accounting Standards comparison, last after learning a lot of small businesses, recommendations for the implementation of the small business accounting standards, and I have learned.