A financial plan of action expressed in monetary terms is known as

A financial plan of action expressed in monetary terms is known as a budget. A budget is a comprehensive financial plan for a specific period, usually one year, that outlines an organization's goals and objectives and how it intends to achieve them. It usually involves estimating income and expenses and allocating resources to specific areas of the organization. The budgeting process helps organizations to plan and control their financial activities, as well as monitor progress towards their goals. Budgets can be used by individuals, businesses, non-profit organizations, and government agencies to achieve financial stability and growth.