PURPOSE This assignment is designed to enhance learners' knowledge on the utilisation of budgeting system. REQUIREMENT Write a report based on the following aspects: 1) The introduction of budgeting system. 2) The description on the importance of budget as a cost control tool. 3) The implication of budgeting system in evaluating performance of an organisation. 4) Summary of the assignment. 5) List of references. The discussion should be based on four published references [book or journal article). [Total: 40 marks]