unit of account

1) A function of money enabling its users to calculate the value of their transactions and to keep accounts.
2) The standard unit of currency of a country.
3) An artificial currency used only for accounting purposes.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • Unit of account — A unit of account is a standard monetary unit of measurement of 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 …   Wikipedia

  • unit of account — The type or size of packing in which the goods are sold, for example packets of 20 cigarettes. HM Customs & Revenue Glossary * * * unit of account ˌunit of acˈcount noun units of account PLURALFORM [countable] 1. ACCOUNTING the unit of money used …   Financial and business terms

  • unit of account — a monetary unit or measure of value (as a coin) in terms of which accounts are kept and values stated * * * unit of account noun A monetary unit not necessarily corresponding to any actual denomination of currency and in certain cases of variable …   Useful english dictionary

  • unit of account — apskaitos vienetas statusas T sritis turto vertinimas apibrėžtis Vertinamo turto grupavimo, jį sujungiant su kitu turtu arba nuo jo atskiriant, matas. atitikmenys: angl. unit of account šaltinis Tarptautiniai vertinimo standartai (2011) …   Lithuanian dictionary (lietuvių žodynas)

  • unit of account — unit of currency that is used as a uniform basis for calculating prices …   English contemporary dictionary

  • unit of account — 1) A function of money enabling its users to calculate the value of their transactions and to keep accounts. 2) The standard unit of currency of a country. 3) An artificial currency used only for accounting purposes …   Accounting dictionary

  • unit of account — /ˌju:nɪt əv ə kaυnt/ noun a standard unit used in financial transactions among members of a group, such as SDRs in the IMF …   Dictionary of banking and finance

  • unit of account — Econ a unit of a country’s currency that can be used in payment for goods or in a firm’s accounting …   The ultimate business dictionary

  • Indexed unit of account — When an indexed unit of account is used in contracts, payments are indexed to the price level in such a way that changes in the inflation rate have no effect on the real value of payments. Non indexed units, such as contracts written in currency… …   Wikipedia

  • European Unit of Account 9 — The European Unit of Account 9 (E.U.A. 9) is a bond market unit. It has ISO 4217 code XBC …   Wikipedia

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