You are not logged in.
Openly accessible

Financial accounting and library collections : the bottom line

Horn, Anne, Epps, Janine and Moncrieff, Joan 2006, Financial accounting and library collections : the bottom line, in ALIA 2006 : Click06 : Create, lead, innovate, connect, knowledge, Australian Library and Information Association, Canberra, A.C.T., pp. 1-13.

Attached Files
Name Description MIMEType Size Downloads
horn-financialaccountingthelibrary-2006.pdf Published version application/pdf 455.30KB 93

Title Financial accounting and library collections : the bottom line
Author(s) Horn, Anne
Epps, Janine
Moncrieff, Joan
Conference name ALIA Biennial Conference (2006 : Perth, Western Australia)
Conference location Perth Convention Exhibition Centre
Conference dates 19-22 September 2006
Title of proceedings ALIA 2006 : Click06 : Create, lead, innovate, connect, knowledge
Editor(s) Garner, Imogen
Publication date 2006
Conference series Australian Library and Information Association Conference
Start page 1
End page 13
Publisher Australian Library and Information Association
Place of publication Canberra, A.C.T.
Summary The valuation and depreciation of library collections is an increasing challenge in the context of financial accounting requirements. The depreciation implications of major collection management strategies have become of increasing concern to Deakin University library in regard to accrual accounting reporting procedures. Changes to library collections, such as the transition to online journals, are moving the financial value of library collections from capital to operating budgets. Major collection management projects such as weeding print assets can have unexpected implications for depreciation and library budgets. Gratis publication acquisitions can also significantly affect valuation and depreciation. Many other libraries are facing similar challenges and this paper will incorporate a range of experiences and practices.

There appears to be little consistency across libraries in how collections are valued and accounting procedures can differ greatly across institutions. The seemingly arbitrary and often questionable nature of financial policies in relation to library collections can create problems for libraries when used to inform decision making and budgets. Libraries increasingly need to work in partnership with financial managers to ensure the financial reporting requirements do not result in adverse implications for collections and budgets and that the capacity of the library to meet its strategic objectives is not impeded. This paper explores the issues and challenges facing many libraries and outlines some strategies to assist library managers in dealing with this financial conundrum

Notes Reproduced with the specific permission of the copyright owner.
ISBN 0868045640
9780868045641
Language eng
Field of Research 150103 Financial Accounting
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category E1 Full written paper - refereed
ERA Research output type E Conference publication
Copyright notice ©2006, Australian Library and Information Association
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006191

Document type: Conference Paper
Collections: Library
Open Access Collection
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 796 Abstract Views, 148 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 09:59:47 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.