Zero-Based Budgeting : How does a business benefit from it?

INTRODUCTION Zero-based budgeting (ZBB) is a revolutionary financial management approach that redefines how organizations allocate resources and control costs. Conceived by Peter Pyhrr in the 1970s, ZBB challenges conventional budgeting

ROIC vs ROCE – which is a better metric to measure?

INTRODUCTION In the intricate landscape of corporate finance, two profitability ratios stand out as pivotal tools for assessing a company’s performance: Return on Invested Capital (ROIC) and Return on Capital

Bank Financial Statement – what is so different about them?

INTRODUCTION Financial statements are essential tools for assessing different entities’ financial health and operational performance. Yet, the bank financial statement differ significantly from those of regular manufacturing and service companies.