What is the relationship between the Book of Mormon and the Bible? Can someone give me the run down on how the LDS church sees the relationship of the Book of Mormon to the Bible? Does it accept it in full and just continue the story? How does it make the transition?
Essentially, the Book of Mormon starts at about the time that Isreal was being scattered. It follows a prophet not mentioned in the Bible named Lehi, and his family, as they leave Isreal, and eventually travel to somewhere in the Americas. They have a copy of the teachings of the prophets with them that, as stated in 1 Nephi 5:11-14 


  11 And he beheld that they did contain the five abooks of Moses,
  which gave an account of the creation of the world, and also of Adam
  and Eve, who were our first parents;
  
  12 And also a arecord of the Jews from the beginning, even down to
  the commencement of the reign of Zedekiah, king of Judah;
  
  13 And also the prophecies of the holy prophets, from the beginning,
  even down to the commencement of the reign of aZedekiah; and also many
  prophecies which have been spoken by the mouth of bJeremiah.
  
  14 And it came to pass that my father, Lehi, also found upon the
  aplates of brass a bgenealogy of his cfathers; wherefore he knew that
  he was a descendant of dJoseph; yea, even that Joseph who was the son
  of eJacob, who was fsold into Egypt, and who was gpreserved by the
  hand of the Lord, that he might preserve his father, Jacob, and all
  his household from perishing with famine.


They follow the Jewish traditions at first, with some slight differences. There are many cross referenced scriptures, including much from Isiah. The quoted scriptures do not match word for word. Towards the end of the book, Jesus Chris visits the people in resurrected form, after he died and was resurrected. He teaches many of the same/ similar things that he taught before he was crucified.

Essentially, members of the LDS church believe that the Book of Mormon continues the teachings of the bible, but from a different point of view. They believe that the Book of Mormon was recorded on metal plates, such that it could not be destroyed or changed as easily as the paper of the bible could be changed. As there have been fewer translations and people handling the words, members of the LDS church believe it to be more accurate in it's teachings than the Bible, but that they both have the same purpose, to help a man do what God and Jesus Christ want us to do.