In this paper, I try to sketch out a plan of financial management of the library by forming a theoretical structure, which, I hope, could become a guide for the research in future. In the first place, I examine the financial circumstances of libraries in Japan, especially in the four financial areas: financing, budgeting, execution & accounting, and auditing. Then I clarify the concept of "library finance" and related financial factors, after reviewing antecedent researches in Japan. Secondly, I discuss major issues of budgeting, execution & accounting, and auditing, which compose key processes of financial cycle of the library, with reference to the Japanese government accounting system. Thirdly, in the light of the above analyses; I propose some subjects of financial management of the Japanese library, which consists of three theoretical categories: financial management (in a narrower sense), financial process and financial resources.
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