Achievement budgets are typically prepared for a period of two to five years into the future and provide a long-term view about the direction of a business.

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Achievement budgets are not a recognized term in financial planning or accounting. Instead, budgets are typically categorized by their purposes, such as operating budgets, capital budgets, and cash flow budgets, and can cover various time frames, often annually or for a specific project duration. Long-term financial planning might involve projections or forecasts rather than "achievement budgets."

Achievement Budgets Are Typically Prepared for a Period of Two