Economic

Who is the richest person in the world? Top 10 billionaires list and net worth – from Elon Musk to Bill Gates 

Known for their outstanding wealth these billionaires have bank balances many of us could only dream of But not all of them seem to...

Who paid the largest criminal fine in history and why? Most expensive fines to companies including Pfizer 

Companies across the world have been forced to shell out millions - and sometimes billions - in criminal damages. From radiation leaks to environmental disasters...

Statement of Stockholders Equity – Format, Example and More

Statement of Stockholders Equity (or statement of changes in equity) is a financial document that a company issues under its balance sheet. The purpose...

Budgeting Process – Steps and Importance of Budget

What is a Budget and Budgeting Process? A budget is a tool for planning, implementing, and controlling activities for optimum utilization of scarce resources in...

Production Budget

What is the Production Budget? A budget is a financial plan for a defined period, whether monthly, quarterly or annually. It estimates a wide variety...

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