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Analysis of Economic Activities

Course developer

Prior knowledge

Ekon2081, Finance and Credit

Ekon3113, Finance and Taxes

Ekon3116, Financial Management

InfT3017, Quantitative Methods in Economics

VadZ4027, Entrepreneurship

VadZ4062, Business Economics

Course abstract

Students gain an understanding of the role, nature, purposes, tasks, methods and techniques of enterprise economic performance analysis. The course provides students with theoretical knowledge and practical skills needed to calculate, analyse and assess the economic performance indicators of an enterprise, interpret the results and develop potential solutions.

Learning outcomes and their assessment

1. Students will be able to: demonstrate the understanding of the nature and principles of enterprise economic performance and a methodology for complex economic performance analysis - tests – crossword puzzle, practical assignments – a test for self-control
2. Demonstrate the knowledge and a critical understanding of indicators of enterprise economic performance analysis and related regularities - tests, a portfolio of practical assignments, an examination
3. Accumulate and apply the acquired knowledge in economic performance analyses - tests, practical assignments, an examination
4. Independently work with financial statements to assess the economic performance of an enterprise - practical assignments
5. Analyse and assess enterprise economic performance indicators, determine the factors affecting the performance and identify related regularities - portfolio of practical assignments, an examination
6. Reasonably justify potential solutions to enterprise economic performance problems based on the results of an enterprise economic performance analysis - discussions in classes
7. Explain and substantiate the results of calculations performed - discussions in classes
8. Responsibly plan the completion of the assignments given - portfolio of practical assignments
9. Independently acquire a new, additional knowledge, analyse and integrate the information acquired – examination
10. Independently calculate, analyse and assess enterprise economic performance indicators and factors, identify related regularities - tests, practical assignments, an examinationb

11. Independently identify enterprise economic performance problems and find solutions to the problems - discussions in classes, an examination

Course Content(Calendar)

1. Theoretical aspects of economic analysis (lecture - 1 hour)
2. Methodology of economic performance analysis (lecture - 1 hour, practical assignment - 2 hours)
3. Factor analysis (lecture - 1 hour, practical assignment - 2 hours)
4. Production and sales analysis (lecture - 1 hour, practical assignment - 6 hours)
5. Test (2 hours)
6. Analysis of long-term investments. (lecture - 1 hour, practical assignment - 2 hours)
7. Analysis of current assets. (lecture - 1 hour, practical assignment - 3 hours)
8. Analysis of labour use. (lecture - 1 hour, practical assignment - 2 hours)
9. Cost analysis of products and services. (lecture - 1 hour, practical assignment - 8 hours)
10. Profit analysis (lecture - 1 hour, practical assignment - 2 hours)
11. Analysis of investment efficiency. (lecture - 1 hour, practical assignment - 2 hours)
12. Test (2 hours)
13. Enterprise equity analysis. (lecture - 1 hour, practical assignment - 3 hours)
14. Analysis of an enterprise’s borrowed capital. (lecture - 1 hour, practical assignment - 2 hours)
15. Analysis of financial statements of enterprises. (lecture - 1 hour, practical assignment - 3 hours)
16. Analysis of an enterprise’s financial performance indicators (lecture - 1 hour, practical assignment - 3 hours)
17. Bankruptcy probability diagnosis. (lecture - 1 hour, practical assignment - 1 hour)
18. Specifics of analysing the economic performance of enterprises of certain sectors (lecture - 1 hour)

19. Test (2 hours)

Requirements for awarding credit points

Examination. The mark consists of the following pieces of assessment:
• Examination – all the topics (40 %)
• Test – a crossword puzzle (10 %)
• Test with calculations (15%)
• Test with calculations (15%)
• Discussions in classes (10%)
• Portfolio of practical assignments (10%)


10% are equal to one point on a 10-point marking scale

Description of the organization and tasks of students’ independent work

Preparation for practical assignments, tests and the examination.
Preparation of a portfolio of practical

Criteria for Evaluating Learning Outcomes

The examination mark is cumulative.

Compulsory reading

1. Zariņa V., Strēle I. Finanšu plānošana uzņēmumā. Rīga: Lietišķās informācijas dienests, 2009. 105 lpp.
2. Bednarskis L., Paupa V., Vaikulis J. Finanšu pārskatu analīze. Rīga: LU, 1994. 96 lpp.
3. Rurāne M. Finanšu menedžments. Rīga: RSEBAA, 2005. 384 lpp.
4. Rurāne M. Uzņēmuma finanses. Rīga: Jumava, 2007. 266 lpp.
5. Войтовский Н. Комплексный экономический анализ предприятия. Минск, 2009. 576 c.
6. Гинзбург А.И. Экономический анализ. Санкт-Петербург: Питер Пресс, 2008. 528 с.

7. Крылов Э.И., Власова В.М., Журавкова И.В. Анализ финансовых результатов, рентабельности и себестоимости продукции. Финанси и статистика, Москва, 2005, 720 с.

Further reading

1. Finanšu vadības rokasgrāmata. V.Jerešenko, J.Pinnis, J.Averina u.c. I daļa. Rīga: Dienas Bizness, 2004.
2. Finanšu vadības rokasgrāmata. V.Jerešenko, J.Pinnis, J.Averina u.c. II daļa. Rīga: Dienas Bizness, 2004.
3. Ovčiņņikova I. Uzņēmējdarbības ekonomika. Rīga: RTU 2002. 63 lpp.
4. Rurāne M. Finansu pārvaldība. Rīga: Latvijas izglītības fonds, 2002. 281 lpp.
5. Šneidere R. Finanšu analīzes metodes uzņēmuma maksātnespējas prognozēšanai. Rīga: Lietišķās informācijas dienests, 2009. 232 lpp.
6. Савицкая Г.В. Экономический анализ. Новое знание. Минск, 2004. 640 с.
7. Савицкая Т.В. Анализ хозяйственной деятельности предприятия. Минск, 2001. 683 c.

8. Шеремент А.Д. Теория экономического анализа. Москва: Инфра-М, 2005. 365 с.

Periodicals and other sources

1. Bilance: grāmatvedība, likumdošana, finanses: žurnāls par grāmatvedību, likumdošanu un finansēm. Rīga: lietišķās informācijas dienests, 2005. ISSN 1407-5709

2. Dienas Bizness: nedēļas laikraksts: Latvijas Biznesa avīze. Rīga: Diena: Dagens Industri, 1992. ISSN 1407-2041

Notes

Restricted elective course (Part B) for the ESAF academic bachelor programme Economics
Field professional specialization course (Part B3) for the ESAF professional bachelor programme Entrepreneurship and Business Management, specialisation Business Management