The budget process involves identifying, gathering, summarizing and analyzing financial and non-financial information about an organization. Budgeting plays a complex role in financial operations as it is a concept used to plan and control the actions of the organization to achieve its goals. The control aspect of budgeting can be corrective or preventative. When using budgeting as a corrective control, the focus is on deviations from the budget. These discrepancies may indicate that changes or corrections should be made to the budget. By comparing performance with plans, a manager can make necessary adjustments to minimize deviations from the projected goal. In this way, the company not only controls operations but can also delegate authority without loss of control. On the other hand, the preventative aspect of budgeting encourages management to stay within the financial limits set for them. Often this can cause animosity and hostility among managers and employees, as there is a consensus that these budgets are used as control mechanisms, which sometimes instills fear. “There is enormous pressure on everyone to achieve these goals;