The process of planning business actions in the near future and expressing them as formal plans is called:

Question

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The process of budgeting involves planning and expressing future business actions as formal plans, usually in the form of a financial budget. Cost accounting, managerial accounting, auditing, and financial accounting are all related to accounting and financial management practices, but do not necessarily involve the process of formal planning for future business actions.

The Process of Planning Business Actions in the near Future