As an UBUNTU user, whenever I am stuck somewhere, google helps me out to cater to my queries. Here, I plan to organise my experience, so that the same can become helpful to other UBUNTU users in the same way.
Have fun ....
[*] For having AAC encoder support in system -
Install - ubuntu-restricted-extras
[*] For any utility using X11 headers, the system will need libx11-dev
[*] music editor - Rezound
sudo apt-get install rezound
[*] Sound converter by Gnome for different filetype conversion.