The budget process is the identification, collection, summary and analysis of financial and non-financial information about an organization. Budget plays a multifaceted role in financial operations because it is a concept used to plan and control the organization's actions to achieve its objectives. The budget control aspect can be corrective or preventive. When using the budget as a corrective control, much emphasis is placed on deviations from the budget. These deviations may reveal that changes or corrections should be made to the budget. By comparing performance to plans, a manager can make necessary adjustments to minimize discrepancies from the intended goal. In this way, the company not only controls operations, but can also delegate authority without losing control. On the other hand, the preventative aspect of budgeting encourages management to stay within the assigned financial limits that have been set by my management. Many times this can cause animosity and hostility between managers and employees because there is consensus that these budgets are used as control mechanisms, which sometimes evoke fear. “There is enormous pressure on everyone to achieve these goals;