Course code EkonP017

Credit points 8

Financial Accounting and Analysis

Total Hours in Course320

Independent study hours320

Date of course confirmation29.10.2018

Responsible UnitInstitute of Finance and Accounting

Course developer

author Finanšu un grāmatvedības institūts

Ingrīda Pētersone

Mg. oec.

Prior knowledge

Ekon2120, Basics of Accounting

Ekon3049, Corporate Finances

Ekon3079, Computerised Accounting

Ekon3088, Internal Auditing

Ekon3089, Accounting of Government Institutions

Ekon3090, Tax Accounting

Ekon3091, Management Accounting

Ekon3113, Finance and Taxes

Ekon4087, Control and Audit

Ekon4099, Financial Statements

Ekon4102, Financial Accounting

Course abstract

During the practical training, students strengthen their theoretical knowledge acquired during their studies and acquire necessary skills for accounting and finance specialists in the labor market, as well as obtain the information necessary for the development of the Bachelor's thesis.

Learning outcomes and their assessment

1. Demonstrate the knowledge of legal documents regulating operation of the work placement organisation and the accounting process and how to apply them - Practical training report, a reference of the practical placement coach, the presentation of the report
2. Demonstrate the knowledge of the key financial and accounting principles, goals and priorities of the work placement organisation as well as of how to implement them - Practical training report, a reference of the practical placement coach, the presentation of the report
3. Integrate the theoretical knowledge acquired in the specialisation area with practical assignments - Practical training report, a reference of the practical placement coach, the presentation of the report
4. Analyse, compare and assess various processes at enterprises (organisations, institutions) and identify opportunities for enhancing them - Practical training report, a reference of the practical placement coach, the presentation of the report
5. Take responsibility - Reference of the practical placement coach
6. Work in a team and execute the assignments given - Reference of the practical placement coach
7. Explain and present the work results to others - Presentation of the practical training report

8. Independently analyse, assess, judge as well as solve practical financial and accounting math problems, working individually or in a team - Practical training report, a reference of the

Course Content(Calendar)

1. Understand the purpose of an enterprise, institution, or organization, organizational structure, work organization, work organization of an accounting financial service, and tasks performed by a financial service.
2. Evaluate the performance of the company, institution or organization in previous years (development dynamics, financial analysis indicators, etc.), demonstrating the ability to apply theoretical knowledge.
3. To study the legislation and regulations governing the operation of the company, institution or organization and accounting.
4. To get acquainted with the accounting organization, accounting documents, accounting records and the composition and preparation rules of the financial statement.
5. Explore the accounting for assets, liabilities and economic transactions of an enterprise, institution, or organization.
6. To become familiar with the preparation and submission of reports, statements and declarations of a company, institution or organization.
7. Participate in company, institution, or organization inventories and other procedures for controlling business transactions or balances.
8. Perform other assigned practice assignments.

9. Participate in discussions, meetings, meetings that are organized in place of the practice, which are open and may supplement the knowledge of the tasks included in the practice prog

Requirements for awarding credit points

In practice, the tasks defined in the secondment of practice must be fulfilled, as well as the work assigned to the trainee by the manager of the selected place of practice.
At the end of practice, a practice report and a presentation on the tasks of the practice programme and the works performed at the place of practice should be prepared.

Description of the organization and tasks of students’ independent work

To acquire and strengthen theoretical knowledge acquired in the course of studies using it in the accounting and financial fields of a practically specific company. Prepare a practice report on the tasks of the internship programme and the work performed.

Criteria for Evaluating Learning Outcomes

Defense of practice and preparation of practice report on practice program tasks and work performed - 10 points
The defense of the practice and the practice report shall be assessed according to the pre-defined assessment procedure.

Compulsory reading

1. Leibus I., Grigorjeva R., Jesemčika A., Svarinska A. Grāmatvedības pamati uzņēmumos. Atkārtots un atjaunots 2. izdevums. Rīga: Lietišķās informācijas dienests, 2016. 195 lpp
2. Leibus I. Pirmie soļi komercdarbībā: darbības uzsākšana, grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 2016. 152 lpp.
3. Leibus I., Pētersone I., Jesemčika A., Svarinska A., Grigorjeva R. Finanšu grāmatvedība.Rīga: Lietišķās informācijas dienests, 2018. 320 lpp.
4. Bojarenko J., Beļavska L., Tjurina A. Finanšu grāmatvedība: teorija un prakse. I daļa. Rīga: KIF Biznesa komplekss, 2009. 268 lpp.
5. Bojarenko J., Tjurina A., Ķūda M., Pokromoviča I., Jespere I. Finanšu grāmatvedība: teorija un prakse. II daļa. Rīga: KIF Biznesa komplekss, 2009. 292 lpp.
6. Ludboržs A. Finanšu grāmatvedība tirdzniecībā. Rīga: SIA Lietišķās informācijas dienests, 2003.
7. Ludboržs A. Pamatlīdzekļu uzskaite. Rīga: SIA Lietišķās informācijas dienests 2006.
8. Elliot B., Elliot J. Financial Accounting, Reporting and Analysis: International Edition. London: Prentice Hall, 2006. 696 p
9. Kusins J., Zariņa V., Gada pārskats un iepriekšējo periodu kļūdas. Palīglīdzeklis grāmatvežiem. Rīga: Biznesa augstskola Turība, 2016. 352 lpp.
10. Ludboržs A. Pamatlīdzekļu uzskaite. Rīga: Lietišķās informācijas dienests, 2006. 255 lpp.

Further reading

1. Par grāmatvedību: LR likums [tiešsaiste]. Pieņemts 14.10.1992. Stājas spēkā 01.01.1993. [Skatīts 22.01.2020.]. Pieejams: https://likumi.lv/ta/id/66460-par-gramatvedibu
2. Noteikumi par grāmatvedības kārtošanu un organizāciju: LR MK noteikumi Nr.585 [tiešsaiste]. Pieņemts 21.10.2003. Stājas spēkā 30.10.2003. [Skatīts 22.01.2020.]. Pieejams: https://likumi.lv/doc.php?id=80418
3. Gada pārskatu un konsolidēto pārskatu likums: LR likums [tiešsaiste]. Pieņemts 22.10.2015. Stājas spēkā 01.01.02016. [Skatīts 22.01.2020.]. Pieejams: https://likumi.lv/ta/id/277779-gada-parskatu-un-konsolideto-gada-parskatu-likums
4. Gada pārskatu un konsolidēto pārskatu likuma piemērošanas noteikumi: LR MK noteikumi Nr.775 [tiešsaiste]. Pieņemts 22.12.2015. Stājas spēkā 01.01.2016. [Skatīts 22.01.2020.]. Pieejams: https://likumi.lv/ta/id/278844-gada-parskatu-un-konsolideto-gada-parskatu-likuma-piemerosanas-noteikumi
5. Harrison W.T.,Horngren C.T. Financial Accounting. 6th ed. New Jersey: Prentice Hall, 2005. 720 p.
6. Sutton T. Corporate Financial Accounting and Reporting. 2nd ed. London: Prentice Hall, 2004. 722 p.

7. Upchurch A. Cost Accounting: Principles and Practice. London: Prentice Hall, 2002. 698 p.

Periodicals and other sources

1. Bilance: elektroniskais žurnāls. plz.lv
2. IFinanses: elektroniskais žurnāls. ifinanses.lv

3. Finanšu ministrija. http://www.fm.gov.lv

Notes

Practice for academic Bachelor's study programme “Economics” of the Faculty of Economics and Social Development, specialization in accounting and finance