The Idol Spot

  WHAT IS A BUDGET? A budget is made to get an estimate of income and expenditure. It is different from an account which is a recording of a financial transaction. The budget is an extremely vital part of the economy of any nation since it helps in planning and controlling its financial affairs. The need for a government budget arises from the fact that income and expenditure do not happen at the same time. A revenue receipt and expenditure flow do not coincide in time.  GOVERNMENT BUDGET A government budget is made to approach and address the needs and issues of a country. It is an annual financial statement where an itemized estimate of revenue expected and expenditure anticipated are listed for the current fiscal year which runs from April 1 of one year to March 31 of the next year.  Elements of government budget :   1. Public Expenditure:  A national budget authorizes public expenditures under two categories: Government purchase of goods and services to serv...

An organization is formed to achieve certain goals and objectives by bringing individuals together on a common platform and motivating them to deliver their level best. The employees need to enjoy the workplace for them to develop a sense of loyalty towards it. Work culture plays an important role in extracting the best out of employees and making them stick to the organization for a longer duration . The organization must offer a positive ambience to the employees for them to concentrate on their work rather than interfering in each other’s work. An organization is said to have a strong work culture when the employees follow the organization’s rules and regulations and adhere to the existing guidelines .  However, there are certain organizations where employees are reluctant to follow the instructions and are made to work only by strict procedures. Such organizations have a weak culture. WHAT IS WORK CULTURE? Work culture is a concept that deals in the study of: Beliefs thought pr...