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Construction Economy III

Course developer

Prior knowledge

BūvZ4101, Economics of the Building I

BūvZ4102, Economics of the Building II

Course abstract

The aim of the course is to familiarize students with construction costs.

Learning outcomes and their assessment

Basic knowledge of construction company production costs, their accounting, self-cost, profit, profitability, production process related taxes.
Skills: Students understand the tax system in the country.
Students are competent in matters related to the basic principles of accounting for production costs of a construction company. Exam.

Course Content(Calendar)

1 Cost of production. Organization of accounting in construction companies. Lecture 2h, seminar-2h
2 Fixed assets of construction companies. Valuation of fixed assets. Concept of depreciation of fixed assets. Calculation of depreciation Lecture 2h, seminar-2h
3 Current assets of construction companies. Lecture 2h, seminar-2h
4 Accounting for materials in a construction company. Value Added Tax Lecture 2h, seminar-2h
5 Labor market, labor value. Lecture 2h, seminar-2h
6 Salary. Organization of wages in construction companies Lecture 2h, seminar-2h
7 Social and personal income tax Lecture 2h, seminar-2h
8 Income of a construction company, profit. Corporate Income Tax. Profitability. Lecture 2h, seminar-2h

Requirements for awarding credit points

There must be an exam.

Description of the organization and tasks of students’ independent work

There are no individual independent assignments for the study course. Independent studies are related to preparation for the exam.

Criteria for Evaluating Learning Outcomes

At the end of the course, the students take a written examination for the whole course.
The exam consists of theoretical questions and two tasks.
A student can get a successful mark on the exam if at least 50% of the questions are answered correctly and at least one task is solved correctly.

Compulsory reading

1. Ovčiņņikova I. Uzņēmējdarbības ekonomika. Rīga: Rīgas Tehniskā universitāte, 2002. 63 lpp.
2. Kjells Gunnars Hofs. Biznesa ekonomika. Rīga: Jāņa Rozes apgāds, 2002. 559 lpp.
3. Belindževa-Korkla O. Uzņēmējdarbība būvniecībā. Rīga, 1996. 202 lpp.

Further reading

1. Libermanis G. Tirgus, cenas, konkurence. Rīga: Kamene: LU Starpnozaru konsultāciju centrs "Ekonomists", 1994. 128 lpp.
2. Libermanis G. Peļņa kā uzņēmējdarbības motīvs. Rīga: Kamene, 1994. 135 lpp.
3. Bikse V. Ražošanas process. Rīga: Latvijas Universitāte, 1991. 68 lpp.

Periodicals and other sources

1. www.em.gov.lv
2. www.csb.gov.lv
3.www.vid.gov.lv

Notes

2nd level professional higher education study programme "Civil Engineering"