Brief Discussion on Impact of Internet Economy on Accounting Theory Basis

Abstract

With the development of the times, the modern society has entered the internet economy era and the traditional accounting theory can not meet with the demands of economic development, which urges the traditional accounting theory to innovate in order to meet with the development of the times. Up to now, the traditional accounting theory still has no capability to solve the demands of internet economy which is the new economic situation, and impacts the deep research on development theory. The paper mainly researches and discusses the impact of emerging internet economy development on the traditional accounting theory basis.