Abstract: The emergence and development of bankruptcy accounting depend on the establishment and perfection of bankruptcy system. So bankruptcy accounting research must not only combine with social economic system, the law system about bankuptcy, cultural habit and so on, but also pay attention to the related comparative research, the research on systematic theory, the analysis of practical standards, the establishment of regulations and norms, etc. The discussion on the developmental law of bankruptcy accounting can give service to the development of accountancy and social economic management.