What are the advantages of budgeting, particularly for an organization? Think about this carefully and then write down some of your ideas. (3) 2.2 With the aid of a diagram, discuss top-down approach and bottom-up approach to budgeting. Which of the two approaches do you think is the most appropriate? (5) 2.3 Outline what is involved in decision-making as well as the three management functions discussed in this module, and explain how managerial accounting supports all of these functions. (4) 2.4 Explain the key components of a cash budget. What do financial managers need to consider these components in making investment and financing decisions? a) Use an example to illustrate your answer. (4) 2.5 Consider the organization in which you are working, or one in which you have worked (or if you have never worked, an organization with which you are familiar). Give specific examples to illustrate how managerial accounting may improve the organization