The stable money concept.

Introduction
 Each and every accountant is needed to plan some important conceptual
idea when he has to present a report of financial or monetary information.
 These ideas are important for making a financial report because they
contain value. It is said that it is beneficial to know and review these
assumptions when you want to check some financial statements.
 A lot of suppositions come under the head of modern accounting and the
concept of stable money concept is amongst them.
 A familiar example would be height which can be measured in either
centimetres or inches and then tracked as time goes by. But in order for
those measurements to convey meaning, the definition of what is the
length of the centimetre or inch must remain the same over time. It cannot
vary or information will be lost and confusion will arise.
 The same rule of constancy applies when recording financial transactions.
In Canada, accountants use either the Canadian dollar or the U.S. dollar
(but not interchangeably) to evaluate and express financial performance.