The 21st century is the era of the information economy. With the globalization of the world economy and China's market economic system continues to improve, especially after joining the WTO, the international division of labor and the degree of socialization of production to further improve from China in recent years, accounting reform, as well as the "12th Five-Year Plan Outline As can be seen, to speed up the reform and improvement of our traditional accounting has become a trend. Based on the reform and opening up 30 years of accounting reform and development outcomes, focusing on analysis of the the accounting development under the new situation status quo, the guiding ideology and the overall objective, and corresponding solutions for the main problems facing the reform and development to promote the accounting innovation and progress, China's economic prosperity and sustainable development.