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( Unit of account) A unit of account is a standard monetary unit of measurement of the market value/cost of goods, services, or assets. It is one of three well-known functions of money. It lends meaning to profits, losses, liability, or assets.

The accounting monetary unit of account suffers from the pitfall of not being necessarily a stable unit of account over time.

A standard unit of account allows meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance and its shareholders can make sense of its past performance and have an idea of its future profitability. In modern economies, money in the form of currency usually serves the role of the standard unit of account. The use of money, under conditions of price stability, vastly improves the efficiency of market economies.

The use of a unit of account in financial accounting, according to the American business model, allows investors to invest capital into those companies that provide the highest rates of return. The use of a unit of account in managerial accounting enables firms to choose between activities that yield the highest profit.

Unit of account Subcategories Unit of account Articles Yoga Retreat - A Place of Relaxed Community by Bertil Hjert Yoga retreat is generally a place occupied by the people who are committed to the art of yoga. It is considered as the place of relaxed community where the people can enjoy the fun of practicing yoga within a social setting. This is the only place wh... Walkers of the World Unite, You have nothing to Lose but Your Pounds by Jimmy Mehta The writer accepts the universal truth that an overweight person exercising in public may be mocked. But she asks what is more important. That overweight people lose weight through walking or are intimidated into doing nothing. The writer acc... Increase Energy - Decrease Fatigue by Bob Taylor Physical exercise promotes mental health, reduces anxiety and stress, and promotes unity of mind, body, and spirit. Research has shown that regular aerobic exercise boosts the immune system, increases endorphins, lowers blood pressure and cholesterol... Your Great Goal In Life A Healthy And Fit You by Ismael Tabije I have accomplished my physical rejuvenation at seventy-two through persistent exercising. I know the same satisfactory results are possible for any one who will follow my ex¬ample. The question is, “Will you do so?” The majority will say, “That man... Shoulder Exercises Using a Wooden Lifting Board by Ismael Tabije This exercise was devised in response to many inquiries from athletes who wanted some simple substitute for the ordinary expensive lifting machines used in gymnasiums. And also something that they could do in the convenience of their homes. T... Building Up Strong and Shapely Legs by Ismael Tabije Most persons have more developed legs than the arms since the legs are frequently exercised in a person’s daily waking routine. But the mere exercise of walking will not develop the large muscles at the front of the thighs and in the calves of the le... An Exercise to Broaden and Strengthen Your Shoulders by Ismael Tabije In most gymnasiums there is an excellent exercise practiced to broaden the shoulders by means of lateral tension. Standing between two upright parallel bars, the student grasps them with both hands, his arms out¬stretched at right angles to the body.... Enhance Your Health through Internal Cleanliness by Ismael Tabije Internal and external cleanliness are both important. But the truth that may not be very obvious to a lot of people is that internal cleanliness is vastly more important. Most of the diseases we acquire such as headaches, skin problems and others are... A Nourished Scalp Brings About Healthy Hair by Ismael Tabije It is a mistaken belief that when dandruff falls from the scalp it indicates a diseased condition. Dandruff is merely the exfoliation of the scarf, or outer skin, with the dried oil and waste matter thrown off by the glands. One of the argume... Why Fats Build Up in Your Abs and How to Expel Them by Ismael Tabije Fat has been termed the packing of the body. It is necessary as it is what fills the spaces between the muscles that give shape to the body. However, the excess of it becomes a problem. And the fat usually gathers upon the abdomen more often than in ...