The world has made a common view on the role and status of the sustainable development of forest in the forestry and in the sustainable development of whole society and economy, Forest asset accounting plays an important and characteristic role during the sustainable development of forest, Firstly, this article analyzes research changing on sustainable development and accounting theory. Secondly, based on the sustainable development view, this article discussed the basic theory of forest asset accounting and the construction of its subject. Finally, this article puts forward the proposals of constructing new forest asset accounting system based the government.