Perhaps not your favourite part of being a librarian, accounting is nevertheless a critical component of the business of running a library, and librarians with a working knowledge of accounting are more effective decision-makers. G. Stevenson Smith's "Accounting for Libraries and Other Not-for-Profit Organizations" provides practice accounting information for those librarians who don't want to be accountants, but do want to keep track of the bottom line. This update of the classic text provides the fundamental principles of library accounting for practitioners. Practical use of accounting basics ensures that librarians: work effectively with financial managers, trustees and others; create and maintain a financial system that ensures controls of resources; and keep accurate and useful records of financial information on library transactions. Accounting fundamentals such as accounting systems, reporting and closing are all clearly explained with examples. The new edition also explains how library managers and directors can work within the library's financial system to achieve goals. Library specific examples are provided to explain how to perform specific accounting functions. The book includes a glossary.
"synopsis" may belong to another edition of this title.
Smith is Professor of Accounting at the College of Business and Economics at West Virginia University.From Library Journal:
Not every librarian needs to understand accounting, but for those who do, this is a welcome revision of Smith's classic textbook. Smith (accounting, West Virginia Univ.) carefully walks the reader through basic accounting principles and practices using pertinent examples and exercises. He clearly develops concepts and explains why the modified accrual method (MAM) is preferred for libraries over the cash basis or accrual method. Basic fund groups are examined, and the entire book builds to an analysis of combined financial statements, audits, and the use of financial and performance ratios. Smith's Managerial Accounting for Libraries and Other Not-for-Profit Organizations (ALA, 1991) is more concerned with internal financial reporting. A few other works are broader in scope: Madeline J. Daubert's Financial Management for Small and Medium-Sized Libraries (ALA, 1993), Ann Prentice's Financial Planning for Libraries (Scarecrow, 1996. 2d ed.), and Betty J. Turock and Andrea Pedolsky's Creating a Financial Plan (Neal-Schuman, 1992). Recommended for library administrators lacking a business or accounting background.ASkip Auld, Chesterfield Cty. P.L., VA
Copyright 1999 Reed Business Information, Inc.
"About this title" may belong to another edition of this title.
Book Description Amer Library Assn Editions. Hardcover. Book Condition: New. 083890758X New Condition. Bookseller Inventory # NEW7.2219460
Book Description Amer Library Assn Editions, 1999. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P11083890758X
Book Description AMERICAN LIBRARY ASSOCIATION, 1999. Hardcover. Book Condition: New. BRAND NEW, ORIGINAL US EDITION, CUSTOMER SATISFACTION IS OUR FIRST PRIORITY, SHIPS TO US, CANADA, UK, GERMANY, SOUTH KOREA, AUSTRALIA, JAPAN, CHINA, ITALY, FRANCE BY DHL AND DELIVERED IN 3-5 DAYS. Bookseller Inventory # ALA-3