The first part of this article consists in attempting to highlight the importance of concerning about the economic consequences and introducing the foundation of economic consequence theory,proposing that the accounting standard is not only a kind of technical standard,it also has the economic consequences,so it becomes the object which all quarters special interest group gambles to get latent profit.After general characterization of the economic consequences in the second part,the article gives a description of the influences the change of accounting standards bring to the government,the ordinary investors and creditors,the auditors,and the enterprise,establishing a framework that how those groups react as the economic consequences in the third part.The fourth section compare technical theory and accounting standards theory,links the basic norms of accounting such as conservatism,relevance and reliability to the methods of escaping the harm of economic consequences,then proposes some specific methods in the formulation of accounting standard.Finally,the article utilizes the methods to settle the problems appearing in Chinese market. The first part of this article consists in attempting to highlight the importance of concerning the economic consequences and introducing the foundation of economic consequence theory, proposing that the accounting standard is not only a kind of technical standard, it also has the economic consequences, so it becomes the object which all quarters special interest group gambles to get latent profit .After general characterization of the economic consequences in the second part, the article gives a description of the influences the change of accounting standards bring to the government, the ordinary investors and creditors, the auditors, and the enterprise, establishing a framework that how those groups react as the economic consequences in the third part. fourth section compare technical theory and accounting standards theory, links the basic norms of accounting such as conservatism, relevance and reliability to the methods of escaping the harm of economic consequences, then proposes some specific methods in the formulation of accounting standard. Finaally, the article utilizes the methods to settle the problems appearing in Chinese market.