Budgets are essential management control mechanism that enables management in making strategic decisions about their cost structure, overall financial health and improving the value for money of clients/customers. Budgetary Controls involve systematic planning, getting funds, judicious spending of funds and meticulous accounting. Unfortunately, many budgeting systems prove inadequate for this purpose. This course will take you through not only what and why organisations prepare budgets but also the consequences of over and under budgeting, budgetary control and its behavioural implications. It will help you understand why budgets are so important and how they can be designed and implemented to truly support management decision-making.