Page 143 - DLIS406_ACADEMIC_LIBRARY_SYSTEM

Academic Library System

Notes • to show the feasibility of management’s plans in cash terms

• to illustrate the financial impact of changes in management policy, e.g., change of credit
terms offered to customers.
Receipts of cash may come from one of the following:
• cash sales
• payments by debtors

• the sale of fixed assets
• the issue of new shares
• the receipt of interest and dividends from investments.

Payments of cash may be for one or more of the following:
• purchase of stocks
• payments of wages or other expenses

• purchase of capital items
• payment of interest, dividends or taxation.

Self Assessment

Fill in the blanks:

1. The LCCN numbering system has been in use since ...... .
2. LCCN stands for ...... .
3. A control technique whereby actual result are compared with ...... .
4. ...... involves a realistic sales forecast.

13.2 Management Information System

A library management information system can also be called a library management system
(LMS) or integrated library system (ILS). It is a system that makes use of information technology
(IT) to carry out managerial objectives. The main goal of a library management information
system is to store, organize, share and retrieve vital information needed to carry out daily
operational functions of the library.

Function
A library management system (LMS) involves three basic elements: hardware, software and
the users. LMS is a network of computers that uses a certain program to facilitate technical
functions of the library. One such function is electronic cataloguing. With LMS, library users
can trace desired books electronically without going through shelves. LMS also facilitates the
lending process by keeping records of items lent and borrowers’ information. LMS supports
other administrative tasks such as inventory and data processing.

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