手工翻译,请放心用!With the development of the times, the society requires higher and higher quality of accounting information. While the traditional financial accounting has three limitations, i.e., historicism, one-sidedness and narrow-mindedness, which have influences on the quality of accounting information. This article discusses the impact of these limitations of financial accounting on the quality of accounting information, and suggests corresponding solutions. Keywords:Financial Accounting,Limitations of accounting, information quality