A) Budgeting is an effective management tool in business decision making. Question 1 i. ii. Explain four reasons why budgeting is important. Discuss four conditions necessary for effective budgeting. (6 marks) (6 marks) B) Accounting information should have some qualitative characteristics in order to facilitate efficient decision making by users of accounting information. Explain FOUR qualitative characteristics of accounting information. (8 marks) [TOTAL: 20MARKS]