LIBR 573 (3) Financial Management in Information Organizations

Offered on an irregular basis


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


  • 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


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


  • 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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