School of Economics and Management，Inner Mongolia University，Hohhot 010021，China

Based on the listing enterprises with Shanghai and Shenzhen A Shares from year of to year of as the study objects,the paper demonstrated and checked the accounting conservatism affected to the debit reconstructing risk,the debt contract affected to the accounting conservatism and the debit reconstructing risk. The study showed that the accounting conservatism and the debit reconstructing risk would be in an obvious negative correlation. Meanwhile,the debt contract would enhance the relation. Therefore the paper proposed that the enterprises should have a robust accounting system,should improve the quality of the accounting information and should keep a proper asset-liability ratio. Also the enhanced debt contract management would be favorable to reduce the debit reconstructing risk and could promote the successful completion of the debit reconstructing.