The given study has covered the elements prevalent in a master budget and made a comparison based on bottom-up and top-down approach of budgeting. The report has also suggested the appropriate budgeting approach for Amani Gold. Some of the other sections of the study has evaluated the income statement of Amani Gold. This is done by predicting several changes in budget related to revenue, cost of consultancy and expenses. The overall findings have revealed that the main components of master budget include an amalgamation of lower level budget such as sales budget, capital budget, general and administrative expense budget, direct material budget and directly labour budget.