preparation of a budget
In French, 'préparation d'un budget' refers to the process of planning and organizing financial resources for a specific period. This involves estimating income and expenses to ensure that the financial plan aligns with goals. The term is commonly used in personal finance, business management, and governmental accounting, emphasizing the importance of careful management of funds.
The preparation of a budget is essential for successful financial management.
This phrase highlights the importance of budgeting as a crucial step in managing finances effectively.
We started the preparation of a budget for next year's project.
This example indicates that the speaker and their team are initiating the budgeting process for an upcoming project.
The preparation of a budget requires time and attention to detail.
This statement emphasizes that creating a budget is not a quick task; it necessitates careful consideration and thoroughness.