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PBF (Planning budgeting & forecasting): An important area to monitor in business & in its department

2018· article· en· W4383162469 on OpenAlexaboutno aff
Samim Alam

Bibliographic record

VenueInternational Journal of Research in Finance and Management · 2018
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicInsurance and Financial Risk Management
Canadian institutionsnot available
Fundersnot available
KeywordsFinancial planFinanceBusinessFiscal yearProcess (computing)Financial managementStrategic planningOfficerQuarter (Canadian coin)Financial analysisOperations researchOperations managementEconomicsComputer scienceMarketingEngineering

Abstract

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Objective of this paper is to study Planning, Budgeting and Forecasting. It is a three-step process for shaping and describing company’s long-term and short-term financial goals. The process is managed by company’s finance department which is led by Chief Financial Officer. Financial Planning outlines company's financial prospects for the next three to five years. Financial Budgeting focuses on a shorter timeframe such as the upcoming fiscal year with specific details of month and quarter. Financial Forecasting is an extended part of Planning & Budgeting which uses the accumulated historical data and management expectations about the future to predict financial outcomes for future months or years. Identifying PBF key steps which includes; assessing the business environment, approve the business vision and objectives, identifying and quantifying the types of resources needed, calculating the total cost, summarizing the costs to create a budget, set realistic goals, identify income and expenses, design your budget, put budget into action, identifying problems within budgeted numbers, gathering actuals information, do maiden analysis, choose the forecasting model, forecasting and evaluating the numbers. This study will help in analyzing PBF objectives & advantages and how it all helps in working of the business and its outcome. Which briefly says managing organization’s time and resources effectively, will lead to achieve organizational goals and objectives.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.006
metaresearch head score (Gemma)0.015
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.018
Threshold uncertainty score0.037

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0060.015
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0030.006
Science and technology studies0.0020.001
Scholarly communication0.0060.005
Open science0.0010.001
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0070.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.161
GPT teacher head0.379
Teacher spread0.218 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2018
Admission routes1
Has abstractyes

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