Question One ( 10 marks): Explain with examples how an organization's management accounting system (MAS) can contribute towards the development of a cost leadership strategy

Question Two ( 30 marks): At our days, the internet provides information that is useful to you especially during your study years. You are required to do some research to answer the below question.

Required:

- Discuss the link between strategies and budget;

- Critically discuss the benefits of using budgets for strategic management purposes;

- Explore some potentially adverse consequences of the budget process