LV EN RU DE FR

Accounting and Finance

Course developer

Replaced course

EkonB016 [GEKOB016] Accounting and Finance

Course abstract

The study course students learn how to record accounting items in the double and single entry accounting systems , draw up the most often used accounting documents, research the accounting records and to prepare accounts. Learn more procedures for the calculation and payment of the tax. The study course students become acquainted with the financial matters, learn financial management objective and functions, become acquainted with the financing, financial planning and financial analysis.

Learning outcomes and their assessment

1. Students will be able to: demonstrate the knowledge and understanding of the role, requirements, items and method of accounting- Discussions in classes, test.
2. Demonstrate the knowledge and understanding of double entry and single entry accounting system and tax calculation - Test with calculations.
3. Demonstrate the knowledge and understanding of financial management, financial analysis, financial planning and financing - Test with calculations.
4. Demonstrate the knowledge of accounting documents, registers and reports - Independent work.
5. Apply the legal framework on accounting and tax legislation in accounting- assess the financial situation - Discussions and practical assignments.
6. Account for an enterprise’s assets, sources of finance, economic processes and financial performance, using the double entry accounting system – Practical assignments.
7. Able to analyze the company's financial situation, determine the sources of financing, draw up a loan repayment schedule and create a cash flow plan - Discussions and practical assignments.
8. Responsibly plan the completion of the assignments given – Practical assignments.
9. Independently acquire, select and analyse necessary information and use it in completing accounting and financial assignments – Practical assignments.
10. Independently keep record of business transactions in the double and single entry accounting systems – Tests, practical assignments.
11. Independently use accounting information for financial assessment and business planning - Practical work, tests.

Course Content(Calendar)

Full time intramural studies:
1. Accounting, its role, tasks and requirements (lecture – 1 hour, practical – 1 hour)
2. Subject and method of accounting (lecture – 1 hour, practical – 2 hours)
3. Accounting balance sheet (lecture – 1 hour, practical –2 hours)
4. Accounting Accounts and Accounting of Business Transactions in Accounts (lecture – 1 hour, practical – 5 hours)
Test 1: Classification of assets and resources, accounting balance sheet, changes in balance sheet items (1 hour)
5. Accounting for economic activity’s revenue and expenditure in the single entry accounting system (lecture – 1 hour, practical – 2 hours)
6. Accounting of money. Accounting of trade receivables (lecture – 1 hour, practical – 1 hour)
7. Accounting of inventory (lecture – 1 hour, practical – 1 hour)
8. Accounting for long-term investments (lecture – 1 hour, practical – 1 hour)
9. Payroll accounting (lecture – 1 hour, practical - 1 hour)
10. Accounting for equity capital (lecture – 1 hour, practical –1 hour)
11. Financial statements (practical – 1 hour)
Test 2: Accounting for money, inventories, long-term investments, wages and taxes (1 hour)
12. Financial management (lecture – 1 hour, practical – 1 hour)
13. Financial planning (lecture – 2 hours, practical – 2 hours)
Test 3: Financial management and financial planning (1 hour)
14. Company financing (lecture – 1 hour, practical – 3 hours)
15. Financial analysis (lecture – 1 hour, practical – 3 hours)
16. Investments(lecture – 1 hour, practical – 1 hour)
Test 4: Financing, financial analysis and investments (1 hour)

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

The assessment of the study course (test grade) consists of:
Test 1 - 20%
Test 2 - 30%
Test 3 - 20%
Test 4 - 30%
The evaluation of studies is accumulative - 100%

Description of the organization and tasks of students’ independent work

Acquire and consolidate theory material, to study normative basis and to perform practical assignments. Prepare for tests.

Criteria for Evaluating Learning Outcomes

The evaluation of the study course depends on the assessment of the tests and practical assignments- 10% are equal to one point on a 10-point marking 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. Rīga, Dienas biznesa rokasgrāmata, autori LAIKA STARS vadošie speciālisti u.c., 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. I.K. “INFO TILTS”, Rīga, 2012. 313.lpp.

Further reading

1. Par grāmatvedību: 14.10.1992. LR likums ("Ziņotājs", 44/45, 12.11.1992., "Diena", 202, 27.10.1992.) [stājas spēkā 01.01.1993.] ar grozījumiem
2. Noteikumi par grāmatvedības kārtošanu un organizāciju: 21.10.2003. MK noteikumi Nr. 585 ( "Latvijas Vēstnesis", 151 (2916), 29.10.2003.) [stājas spēkā 30.10.2003.] ar grozījumiem
3. Ludboržs A. Apgrozāmā kapitāla vadīšana nelielos uzņēmumos. Rīga: Lietišķās informācijas dienests, 2007. 287.lpp.
4. Saksonova S. Uzņēmuma darbības plānošanas paņēmieni. SIA Izglītības soļi, 2004., 105.lpp.
5. Saksonova S. Uzņēmuma finanšu vadības praktiskās metodes. Rīga: Merkūrijs LAT, 2006. 225.lpp.
6. Bittlestone, Robert., 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 http:// www.likumi.lv
4. VID mājas lapa http://www.vid.gov.lv
5. iFinanses - elektroniskais žurnāls žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām. Pieejams: http://ifinanses.lv

Notes

Field theoretical basic course for the TF professional bachelor's study programme “Design and Crafts”