real terms accounting

real terms accounting A system of accounting in which the effects of changing prices are measured by their effect on a company’s financial capital (i.e. shareholders’ equity) to see if its value is maintained in real terms. Assets are measured at current cost. Profit is defined as any surplus remaining after the shareholders’ funds (determined by reference to the current cost of net assets) have been maintained in real terms. The unit of measurement may be either the nominal pound or the unit of constant purchasing power.

• innovators
• input substitution
• input tax
• inquiry test
• inscribed stock
• inside director
• insider dealing
• insolvency
• insolvency practitioner
• insolvency risk
• inspection and investigation of a company
• inspector general
• Inspector of Taxes
• instalment
• instalment sale
• instant
• Institute and Faculty of Actuaries
• Institute cargo clauses
• Institute for Fiscal Studies
• Institute of Chartered Accountants
• Institute of Chartered Secretaries and Administrators
• Institute of Directors
• Institute of Insurance Brokers
• Institute of Management Accountants
• Institute of Management Services