How the Economic Inflation Affects the Financial Statement

Abstract

Economic problems occupy the first place among the other problems after people have gone to the battle of money and the search for a living and common terms showing the reality of the situation such as securing the future and other terms. The problem of inflation is one of the biggest problems experienced by all developing and developed countries at the present time, the fact that there is a difference in the causes and rates of inflation between one country and another and time period to another within the same state. However, the reality is that all countries suffer from this problem. This problem raises the concern of economists because of its effects on all aspects of life economically, socially, and morally as well, and this problem is gaining special attention in the developing countries as the most countries suffering from the inflation waves.