Basic Time Value Concepts Time Value of Money In accounting (and finance),the term indicates that a dollar received today is worth more than a dollar promised at some time in the future. Chapter 6-4 LO 1 Identify accounting topics where the time value of money is relevant.Chapter 6-4 In accounting (and finance), the term indicates that a dollar received today is worth more than a dollar promised at some time in the future. Time Value of Money