Abstract: This invention relates to the continuous daily computerized updating (increasing or decreasing, as the case may be) of all nonmonetary values in an accounting practice to continuously maintain all such values at constant real economic value over time when accounting an economic entity's economic activity in order to prevent Historical Cost Accounting inflation [the destruction of real economic value in nonmonetary values not updated (increased) over time in a cash inflationary economy], Historical Cost Accounting hyperinflation [the hyperdestruction of real economic value in nonmonetary values not updated (hyperincreased) over time in a cash hyperinflationary economy] and Historical Cost Accounting deflation [the creation of real economic value in nonmonetary values not updated (decreased) over time in a cash deflationary economy], as applicable, in all accounted nonmonetary values for an unlimited period of time.

Abstract: This invention is a method and system with steps for the entering of economic values as either nonmonetary or monetary values in electronic format in all computer files and electronic display formats always together with value dates and then for continuously real valuing (updating) (i) dated nonmonetary values to maintain them at constant real economic values over time and (ii) dated monetary values only to indicate the latters' real values in the past at the current rate when this is required, whenever the program accesses them in any way including visual or voice methods and displaying them on any electronic computer or any other electronic device in any form and way including in the form of charts and graphs and when they are printed in a hardcover format or when they are made available in any way including, but not limited to, on a computer screen, a TV screen, mobile phone, computer tablet, PDA or computer sound system.