Abstract: The knowledge-based economy of China's traditional system of accounting theory caused a great shock, so that the accounting basis of relevant theories in the definition of the concept of its connotations, and so can not make a complete explanation, and the need to re-definition, this article focuses on the principles of accounting, accounting Assuming that the accounting measurement model, accounting and accounting balance formula to confirm the basis of the knowledge-based economy in the conditions to be innovative and make adjustments.
Key words: knowledge-based economy; basis of accounting theory; innovation