Finance for Libraries is the vital part of knowledge sharing and dissemination Books are the source from which knowledge an wisdom is gained Allocation of money for library is indispensable 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 one various aspects for estimating funds from the standard figures However, standards provide a rough estimation 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.......
Financial management is not just managing cash or providing funds It is the study of the principles and practices involved in financial operations of an institutions, industry or state ..‘Finance function’ is the task of providing funds needed for the enterprise i e procurement of funds and their effective utilization important phases or components of financial management are
Financial planning
Forecasting of receipts and disbursements
Realization of funds and revenues
Allocation of funds
Utilization of funds
Financial accounting
Financial control
Financial auditing
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