The underwater acoustic test system comprises an underwater acoustic transmitting unit, an underwater acoustic parabolic reflector, an underwater acoustic receiving unit, an orientation control system, and a computer measurement and control system. The underwater acoustic transmitting unit comprises an underwater acoustic signal generator and a transmitting transducer. The underwater acoustic parabolic reflector comprises a central main reflecting area and an edge diffraction processing area, wherein the central main reflecting area is configured for reflecting acoustic wave signals, and the edge diffraction processing area is configured for reducing the influence of the underwater acoustic parabolic reflector on a test area. The underwater acoustic receiving unit comprises a receiving transducer and an underwater acoustic signal receiver. The orientation control system comprises a traveling crane and a test turntable.