Budgets 20 Marks Question 3 For many organisations (in both the private and public sector) the annual budget is the basis of much internal management information. When preparing and using budgets, however, management and the accountant must be aware of the behavioural implications. Required: 3.1 Briefly discuss five purposes of a budget. (10 Marks) 3.2 Explain five behavioural factors which should be bore in mind when dealing with the difficulties of applying them in the process of budgeting and budgetary control. (10 Marks)