This paper establishes an accounting earnings empirical model according to the characteristics of Chinese stock market and listed companies. From two aspects of yearly sample and whole samples, the paper tests the influencing factors on accounting earnings by cross regressions. The findings are that the central profit, the non-central profit, the account receivable, the prepared expenses, the accumulated depreciation, the scale of company and capital structure can explain accounting earning and its change, which are the factors affecting accounting earnings. It is a reference to analyze listed companies' accounting earnings and their reality.