Challenges of Sustainable Development Strategy to the Financial Accounting Field

While traditional industrial civilization creating a prosperous society, inevitably confliction between human beings and nature emerges. In order to acquire coordinating development, the view of sustainable development comes into being. Sustainable development strategy has become the leading thought of social and economic development. As the traditional financial accounting is concerned, many of its theories are faced up with challenge, such as financing objective, value criteria and disclosure models on accounting information. As a result the traditional financial accounting should be innovated and optimized in order to implement sustainable development strategy.