As China's market economy development and improvement of the internationalization of enterprises, are becoming more and more the degree of standardization, high-technology promoted the rapid development of international economic, financial innovation has brought about tremendous changes with each passing day the risk. As a result of a number of off-balance sheet business and the growing balance-sheet items, people have pointed out that the traditional financial accounting statements have not fully disclose accounting information useful, and the existing shortcomings in the financial accounting reports more and more apparent with the lack of, in addition to conventional The key financial indicators, a large number of decision-useful information on non-monetary will be required to be reflected in the financial accounting report, in order to constantly improve the financial reporting system, accounting information in order to meet various needs of users.
Key words: knowledge-based economy, corporate financial accounting, reporting, deficiencies and weaknesses, trends
