The Role of Financial Management in Library and Information Science

Abstract

Abstract
Generally, a budget is prepared for one year. It may be in some cases for two years and sometimes development budgets are prepared for five years and ten years also. While preparing a budget one has to take into consideration, the previous years’ expenditure, proposed new programmes and schemes. It is also necessary to take standards on various aspects for estimating from the standard figures. However, standards provide a rough estimation. The allotment of money for different items essentially requires that careful consideration and analysis be made of the year’s expenditure.
Keywords: Finance, Budget, Evaluation, Cost Effectiveness, Cost Benefit

Cite this Article Rajaram K, Jeyachitra S, Swaroop Rani BS. The Role of Financial Management in Library and Information Science. Journal of Advancements in Library Sciences. 2016; 3(1): 35–41p.