LV EN RU DE FR

Accounting and Finance

Course developer

Prior knowledge

Ekon4005, Entrepreneurship I

Course abstract

The aim of the study course is to acquire an understanding of the role and place of accounting and credit in an enterprise. Its goal is to learn the significance, tasks, requirements, object and method of accounting. It provides skills in using the accounting method in practical work. The aim of study course is to comprehend the system of banks, the formation of them, the mechanism of regulation and the basis of legislation in Latvia.

Learning outcomes and their assessment

After completing the course student will have:
Knowledge - on the essence of double entry accounting systems and generally accepted accounting principles; on theoretical and legislative aspects of credit – practical classes, test;
Skills – to learn accounting of company financial assets, financing sources of, financial process and financial results; to navigate credit legislation – practical classes, test;

Competence – to be able to show financial transactions in double entry accounting systems and to apply tax legislation; independently to evaluate crediting processes – practical classes, test.

Course Content(Calendar)

Full time intramural studies:
1. Laws regulating accounting and their basic requirements. Accounting law (lecture 1h)
2. Description of the company's assets and their sources (lecture 1h, practical classes 2h)
3. Preparation of accounting balance sheet. Changes in the balance sheet as a result of economic operations (practical classes 2h)
4. Structure of accounting accounts and content of records (practical classes 2h)
5. Double entry, account correspondence and chart of accounts (practical classes 2h)
6. Test 1. Classification of economic resources and sources of financing, accounting balance, accounting accounts (1h)
7. Calculation and accounting of wages and related taxes (lecture 1h, practical classes 2h)
8. Cash accounting and accounting documentation (lecture 1h)
9. Accounting for receivables and liabilities. VAT calculation and accounting (practical classes 2h)
10. Accounting for fixed assets and calculation of depreciation (practical classes 2h)
11. Test 2. Payroll, cash, fixed assets and tax accounting (1h)
12. Preparation of financial statements. CIT calculation (lecture 1h, practical classes 2h)
13. Credit policy analysis (lecture 1h, practical classes 2h)
14. Financial services in credit institutions (lecture 1h, practical classes 2h)
15. Supervision and legislation of credit institutions (lecture 1h, practical classes 2h)
16. 3rd test. Stages of the loan receiving process, registration conditions (1h)
Part time extramural studies:

All topics specified for full time studies are accomplished, but the number of contact hours is one half of the number specified in the calendar

Requirements for awarding credit points

Test with a mark. The test mark consists of the average assessment of 3 tests (in points), the assessment of the quality of practical work and participation in classes.

Description of the organization and tasks of students’ independent work

To acquire and strengthen the theoretical material, to study the normative base and to perform practical works. Prepare for tests

Criteria for Evaluating Learning Outcomes

The evaluation of the study course (test mark) consists of:
Test 1 - 30%
Test 2 - 30%
Test 3 - 30%
Participation, practical works - 10%
Study evaluation is accumulative - 100%

10% corresponds to one point on the 10-point assessment scale

Compulsory reading

1. Leibus I., Grigorjeva R., Jesemčika A., Svarinska A. Grāmatvedības pamati uzņēmumos. Atkārtots un atjaunots 3. izdevums. Rīga: Lietišķās informācijas dienests, 2019. 195 lpp.
2. Leibus I. Uzņēmuma darbības uzsākšana, grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 2019. 173 lpp.
3. Leibus I. Pašnodarbināto grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 2018. 147 lpp.
4. Kelmere L. Ievads grāmatvedībā jeb grāmatvedības pamati: teorija un uzdevumi. Rīga: Lietišķās informācijas dienests, 2020. 255 lpp.
5. Finanšu vadības rokasgrāmata. Autori LAIKA STARS vadošie speciālisti u.c. Rīga: Dienas Biznesa rokasgrāmata, 2004.
6. Krogzeme H. Komersantu darbības analīze un kontrole. Rīga: RTU izdevniecība, 2013. 348 lpp
7. Rurāne M. Uzņēmuma finanses. Rīga: Apgāds “Jumava”, 2007. 266 lpp.

8. Saksonova S. Finanšu informācijas un pārskatu praktiskā izmantošana uzņēmumu finanšu lēmumu pieņemšanā. Rīga: I.K. “INFO TILTS”, 2012. 313 lpp.

Further reading

1. Par grāmatvedību: LR likums. Stājas spēkā 01.01.1993. ar grozījumiem. Pieejams: https://likumi.lv/ta/id/66460-par-gramatvedibu
2. Noteikumi par grāmatvedības kārtošanu un organizāciju: MK noteikumi Nr. 585. Stājas spēkā 30.10.2003. ar grozījumiem. Pieejams: https://likumi.lv/ta/id/80418-noteikumi-par-gramatvedibas-kartosanu-un-organizaciju
3. Ludboržs A. Apgrozāmā kapitāla vadīšana nelielos uzņēmumos. Rīga: Lietišķās informācijas dienests, 2007. 287 lpp.
4. Saksonova S. Uzņēmuma darbības plānošanas paņēmieni. Rīga: SIA Izglītības soļi, 2004. 105 lpp.
5. Saksonova S. Uzņēmuma finanšu vadības praktiskās metodes. Rīga: Merkūrijs LAT, 2006. 225 lpp.

6. Bittlestone R. Financial management for business: cracking the hidden code. Cambridge; New York: Cambridge University Press, 2010. 201 lpp.

Periodicals and other sources

1. Bilance: žurnāls par grāmatvedību, likumdošanu un finansēm. Rīga: SIA Lietišķās informācijas dienests, 2000. ISSN 1407-5709
2. iFinanses – žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām. Rīga: iŽurnāli. ISSN 2255-985x
3. LR tiesību aktu mājas lapa. Pieejams: http://www.likumi.lv
4. VID mājas lapa. Pieejams: http://www.vid.gov.lv

5. iFinanses - elektroniskais žurnāls žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām. Pieejams: http://ifinanses.lv

Notes

Compulsory course for TF professional bachelor study program “Applied Energy Engineering”