The Maritime Hotel Group uses a traditional budgeting system to plan measure and monitor performance. The Director of Finance in the Maritime Hotel Group, Sarah, recently met with Maha, the Head of Accounting, as she has concerns about the effectiveness of the budgeting system. As a result of her meeting with Sarah, Maha now believes she may have placed undue reliance on the budgeting system and should now perhaps be considering some refinements to the system in order to more effectively plan, measure and monitor performance. REQUIREMENT explain in details

Drawing from the relevant literature, write a short academic essay:

(i) outlining key weakness associated with a traditional budgeting system.

(ii) describing how the current budgeting system could be improved.