Offered on an irregular basis
PREREQUISITES:
MLIS and Dual MAS/MLIS: completion of MLIS core; recommended co-requisite: 504
MAS: completion of MAS core and permission of the iSchool Graduate Advisor
GOALS:
- To provide an understanding and appreciation for the role of financial management tools and techniques and their practical application in a working environment
- To stimulate discussion and thinking on the importance of financial management in strategic planning and as a change agent
- To identify and discuss current and upcoming issues in financial management
- To develop skills in the preparation and presentation of oral and written reports relating to financial management
OBJECTIVES:
Upon completion of this course student will be able to:
- understand the role of budgets and the budget process in the overall management of libraries and archives
- develop competence in preparing, presenting, and monitoring budgets
- introduce techniques for organizing and analyzing financial and statistical data
- examine the sources and uses of financial resources
- develop an understanding of the financial processes and systems found in libraries and archives
- explore various scenarios facing libraries and archives and their financial implications
CONTENT:
- The budget as a planning tool and change agent
- The budget process
- Major components of budgets
- Types of budgets
- Preparing, presenting and defending the budget
- Budget monitoring, financial workflow, internal controls, audited statements
- Organizing, analyzing and presenting financial and statistical data
- Alternative sources of revenue and their impact on budgets
- Current issues in budgetary and financial management
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