Diseño de método presupuestal para compañías de servicios petroleros

The objective of this research work is to determine the most appropriate and accurate projection method to be used in financial projections, mainly in the elaboration of the statement of income, in which the incomes, costs and expenses of an oil company are recorded. In order to ac...

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Detalles Bibliográficos
Autor principal: Elizalde, Roberto C.
Formato: Artículo revista
Lenguaje:Español
Publicado: Ediciones UNL 2021
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Acceso en línea:https://bibliotecavirtual.unl.edu.ar/publicaciones/index.php/CE/article/view/10482
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Sumario:The objective of this research work is to determine the most appropriate and accurate projection method to be used in financial projections, mainly in the elaboration of the statement of income, in which the incomes, costs and expenses of an oil company are recorded. In order to achieve this, information about the results statement (profit and losses summaries) of the last three years has been collected to apply different statistical methods and compare the results to determine the differences among them, and therefore be able to decide which the best statistical method is. The present investigation is considered a non-experimental study since the actual data obtained will not be modified. Moreover, all the calculations were made using Microsoft Excel. The projection methods evaluated include the method of absolute increase, percentage increase, moving average and the method of least squares. It is possible to compare them both vertically and horizontally. Both types of comparison have shown that the absolute increase method is the most accurate one when making budget projections, followed by the method of least squares. Consequently, the percentage increase and the moving average methods analyzed are the least accurate ones.