This study develops a framework for describing the components and variations of pedagogic content beliefs (PCBs) held by accounting teachers in vocational schools in Shanghai. Semistructured interviews were held with 17 in-service teachers from four vocational schools in Shanghai. The findings show that the PCBs of accounting teachers are a complex that contains five components: maximizing students' learning opportunities in accounting, accounting content organization, epistemic conviction about accounting knowledge, accounting learning purposes, and causes of students' learning difficulties in accounting. Although teachers' responses show that the average endorsement of constructivist beliefs was stronger than that of traditional beliefs, it has been proven that the reform-oriented ideas are not transmitted equally in each component of teachers' PCBs. The variations of beliefs between individual teachers are inspected in relation to their teaching experience. By reflecting on the findings in relation to international empirical research on teachers' beliefs, we suggest that it is important to understand the variation in teacher beliefs and recognize the specific needs of teachers at different stages.