In order to normalize the financial account of two kinds of economic organizations, the comparative analysis is conducted on the Accounting System of Village Collective Economic Organization and Accounting System of Farmers’ Cooperatives（ Trial） issued by the Ministry of Finance . The comparison point out that application and accounting principles of the two kinds of accounting systems are different and analyzes the differences and similarities of the five accounting elements including property, liabilities, rights of owners, costs and profits and losses, as well as the reasons of the differences and similarities. Results show that both of the two accounting systems reflect the principles of simplification and clarification. The village collective accounting system works in rural village committee, which acts the administrative duties, the features of concerted benefits of it is showed. While the accounting system of farmers’ cooperatives is based on the village collective accounting system and combines the norms of accounting system of enterprises, so the system represents the demands of collaboration and profit-making.