Before you have a hysterectomy: understand the basics. The uterus, or womb, is a pelvic organ suspended by ligaments between the bladder and rectum and connected to the vagina with the cervix. The fallopian tubes carry eggs from the ovaries to the uterus.
Because many of these assumptions are necessary for financial statements to have value, it is usually best to understand and review them when considering financial documents. Among the various conceptual assumptions that underlie modern accounting is the stable monetary unit concept. The stable monetary unit concept assumes that the value of the dollar is stable over time. This concept essentially allows accountants to disregard the effect of inflation -- a decrease, in terms of real goods, of what a dollar can purchase.
Also found in: Financial, Encyclopedia, Wikipedia. unit of account. 2. (Economics) Also called (esp US and Canadian): money of account a monetary denomination used for accounting purposes, etc, but not necessarily corresponding to any real currency: the ECU is the unit of account of the European Monetary Fund. 3. (Economics) the unit of currency of a country.