Which phase of budgeting that is focused on setting up the structure and the mechanics of the budget between budget targets, time based considerations,budgeting classifications and accuracy checks?
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May 7
The phase of budgeting that is focused on setting up the structure and mechanics of the budget is typically referred to as the "planning and preparation" phase. This phase involves establishing budget targets, determining time-based considerations, setting budgeting classifications, and conducting accuracy checks to ensure that the budget is well-structured and aligned with the organization's goals and objectives.