In recent years,text information has been a hot topic in empirical accounting research abroad,attracting lots of valuable studies based on text analysis method to address issues in accounting and finance. In comparison,such kind of research is quite scarce at home. In order to catch up in this field,this paper systematically reviews content analysis studies abroad in nearly a decade. Firstly,the definition,characters and measurements of accounting text information are introduced. Secondly,the determinant factors and economic consequences of accounting text information are summarized at different levels. The limitations in current research are then commented on. Based on the literature review,this paper also provides a framework for future research and a forecast for potential studies at home,including how to construct text analysis methods adaptable for Chinese accounting text,how to test western theories and hypotheses under the institutional background of China,and how to design well-fitted research in the unique context of China.