QUESTION 4 (10 MARKS: 24 MINUTES) Budgeting is the process of designing, implementing and operating budgets. It is the managerial process of budget planning and preparation, budgetary control and the related procedures. Budgeting is the highest level of accounting in terms of future which indicates a definite course of action and not merely reporting. (https://www.yourarticlelibrary.com budgeting-accounting. Retrieved 29 April 2021). REQUIRED: Discuss FOUR (4) benefits of budgeting in managerial accounting