This study is examine to learn the force of inflation and the company's performance measurement. And to   learn the methods of preparing financial   assertions according to inflation accounting.  The population is total steel companies in India from the years "2006- 2007 to 2010-2011.”There are 20 stainless steel companies in India. The sample size is CRUISE and 7 more metal companies (Tata steel, Jindal steel, Bhushan steel, Jsw steel, Viza, Ispat and Vizag) in India. Pertaining to selecting the businesses, the investigator has used Simple Randomly Sample (SRS) method. Researcher has used the primary and secondary resources of data for the research. Statistical tools which has used in this study is Statistical Package for the Social Sciences (SPSS).

KEYWORDS: accounting, inflation accounting, performance measurement.