AFE is a common acronym that stands for "annual financial expenditure". Synonyms for AFE include annual financial plan, yearly financial budget, fiscal year spending, or annual expense report. These terms all refer to the financial planning and budgeting process that businesses and organizations engage in at the end of each fiscal year. This process involves planning and allocating financial resources to different departments and projects in order to achieve their goals for the next year. AFE is an essential aspect of financial management and helps businesses stay on track with their financial goals while also ensuring the responsible use of resources.