Reform Research On Financial Accounting In The Era Of Intellectual Economy

Financial accounting is an accountable accounting,so its methods and objectives are interrelated with its existent circumstances and vary with the variation of the surroundings. With the arrival of era of intellectual economy, the current economic feature that based on materials changes. Instead, economy based on knowledge arises. As a result, knowledge becomes key elements in production, economic sources and capital. This variation has a profound influence on the property-right theory of the traditional enterprises, which in turn,boost reform of the property-right theory and system in those enterprises . All these factors contribute to the great change of the existence environment of the traditional enterprises' accounting as well as the innovation of accounting theories and methods.Tne first part of this article deals with accounting' s objectives, hypothesis, principles, elements, equality and statements, and reaches two conclusions. In the first place, the basic objective of accounting is providing the demand party with accounting information of a specific accounting subject. Moreover, variation of social circumstances is the basic reason that results in the change of concrete objectives of accounting. In the second place , accounting is based on the specific property-right relationship , consequently, the foundational objective of accounting s appearance, development and alteration lies in embodying structure of property-right, reflecting property-right relationship and maintaining property-right willingness.The second part discusses Intellectual economy' s influence on the basic surroundings of accounting, property-right theory of enterprises and the accounting theories. The following conclusions are dwawn from it. To begin with, arrival of the intellectual economy brings a great change to the basic surroundings on which accounting relies. The next, in the era of intellectual economy, knowledge becomes capital, therefore, the property-right system that centers around financial capital transforms gradually to that of which centers around knowledge capital.On die basis of analytical conclusions from the two parts above, the third one mainly researches contents and methods of financial accounting' s reform, and put forward the basic view, i. e. " the coowners equity theory". Depending on this starting point, the author also suggests that intellectual assets and knowledge capital should enter accounting elements and equality. Furthermore, the author also studies the calculation ways in this section. Finally, the author brings forward that financial statement system combined with the general accounting-statement system and the exclusive accounting-statement system should be established. Sometimes the immediate statement united with the diversified statement should be adopted.Intellectual economy' s impact on financial accounting are diversified. This article studies the influence only from a specific angle. Owing to the limitation of my knowledge, the point and exposition are inevitably improper to some extent. So I hope every expert may help correct them.