A) The human resources manager of your firm Worried about the amount of time and resources consumed by the budget committee annually. She believes the whole process is a waste of time and that deparments should be allowed to set their budgets. But you also reckon that a budget is based on the policies needed to fulfil the objectives of the entity .i., it is a plan consisting of objectives and what to do to achieve the objectives. As an account officer in the finance deparment, the head of finance has asked you to address the fears of the HR manager ina emov ou are required identify at least four (4) budgetary design issues and discuss the questions that these Issues raise together with solutions that may be adopted in practice. Also, analyze the pros and cons of for her proposal.

B) Your University is considering the addition of a new programme - Law. Even though management is content with the profitability projections of the program, the Chief Financial Officer recommends the preparation of cash budget in addition to the financial projections. Explain why the Chief [10 marks] Financial Officer will be insisting on the inclusion of the cash budget.