A budget is an organization’s representation of its plans expressed in quantitative terms. It is like a GPS to an organization’s operations given that it provides direction to management for planning, control and decision making, among other benefits. It is also a motivating force and helps to co-ordinate and enhances team-work in the organization to the extent that everyone is involved in the budgeting process. Consequently, training and understanding of this process will benefit all employees particularly the supervisors, managers and executives. The budget is the plan and comparison of the planned results against the actual results provide the control aspects of the budgetary control process which involves all Heads of Departments, Supervisors and Managers in general. On completion of the workshop, the participants should be competent to prepare the master budget, sales budget, cash budget; be competent to prepare the flexible budget; be capable of articulating, the role and importance of budgets in business organization and for decision making; be able to describe different types of budgets; be capable of applying simplified methods, quantitative techniques in budgeting; demonstrate the use of kaizen (Japanese) budgeting technique; understand the influence of human behaviour in budgeting; be capable of illustrating how to enhance profitability through sound budgetary techniques; understand the use of computer based application in budgeting and much more..