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.
A unit of account in economics is a nominal monetary unit of measure or currency used to value/cost goods, services, assets, liabilities, income, expenses; i.e., any economic item. It is one of three well-known functions of money. It lends meaning to profits, losses, liability, or assets. A unit of account in financial accounting refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to measure them. Unit of account and unit of measure are sometimes treated as synonyms in financial accounting and economics.