Abstract: Multifunctional forest management should take ecological benefits, social benefits, and economic benefits into consideration, so as to achieve the coordinated development of ecological construction and resource protection. This paper expounds the theory of multifunctional forest management, and analyzes the development course and trend of forest multifunctional monitoring and evaluation. Based on the results of forest multifunctional monitoring and evaluation, and the value theory of ecological products,the economic value, ecological value and social value of forest were discussed, and the value accounting methods of forest water conservation, soil conservation, wind prevention and sand fixation, flood regulation and storage, forest carbon sequestration, air purification, climate regulation, and leisure tourism were put forward.