Detecting and imaging method of biological electrical characteristics based on magneto-acoustic coupling effect gives valuable information of tissue in early tumor diagnosis and bioelectrical current monitoring. Normal exciting and receiving method is to use single pulse. In this method the signal to noise ratio (SNR) is limited, so the imaging quality and imaging speed are low. In this study, we propose a processing method based on coded excitation to improve SNR and shorten the processing time. The processing method using 13 bit Barker coded excitation and 16 bit Golay code excitation are studied by simulation and experiments. The results show that SNR of magneto-acoustic signal is improved by 20.96 dB and 20.62 dB by using 13 bit Barker coded and 16 bit Golay coded excitation, respectively. It also indicates the processing time is short compare to single pulse mode. In the case of the SNR increasing, the overall acquiring and processing time under 13 bit Barker coded excitation and the 16 bit Golay coded excitation is shortened to 3.62% and 4.73%, respectively, compared to the single pulse excitation with waveform averaging method. In conclusion, the coded excitation will be significant for the improvement of magneto-acoustic signal SNR and imaging quality.