Monetary Unit Assumption

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Monetary Unit Assumption

It means that in the United States we use the dollar as our unit of measure.

In some countries the buying power of the currency fluctuates so widely that financial statements must account for the inflation and devaluation of currency. We don’t do that in the United States. We call that the Monetary Unit Assumption, the assumption that our monetary unit, the dollar, will have a relatively stable value.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?