Historical Evolution Of Financial Reporting And Its Inspiration

Financial report is playing a more and more important role in modern society. But at the same time, it can not satisfy some requests from different information users because of some limits of the exposure system at present in some respects. We think that the development of accounting exposure system should be along with the development of the whole economic condition and the requests from different information users. So it is very vital question to talk about how to make the exposure system more useful to service the users.The development of financial accounting to the present is not "a revolution", it is a step by step revolution and gradually improved. The object of the study will be more clearly understood through historical observation. More important, routine can be found. The research is so advisable and instructive to available innovation that its significance is presented.Based on this understanding, this article wants to research the historical evolution of the financial reporting, summing up the law of its evolution and give my own assumes about how to improve the current financial reporting with the current economic environment. That is build an future financial reporting systerm which is as request, on time and incompletely formatted.