Course code VadZ2029
Credit points 3
Total Hours in Course81
Number of hours for lectures12
Number of hours for seminars and practical classes20
Independent study hours49
Date of course confirmation29.10.2018
Responsible UnitInstitute of Business and Management Science
Dr. oec.
PārZ3089, New Food Product Development
Students gain an understanding and learn theoretical principles of the nature and role of enterprise economic performance analysis. The course builds up students’ skills to calculate, analyse and assess the key economic performance indicators of an enterprise and identify the factors affecting the performance.
1. Students will be able to: demonstrate the knowledge of the nature, principles and methods of enterprise economic performance analysis – test 1, an examination
2. Demonstrate the understanding and knowledge of key economic performance indicators of an enterprise – test 2, practical assignments, an examination
3. Apply the methods of enterprise economic performance analysis and perform calculations – test 2, practical assignments, an examination
4. Independently work with financial reports to identify the economic performance of an enterprise - practical assignments
5. Analyse and assess the key economic performance indicators of an enterprise – test 2, practical assignments, an examination
6. Explain and argue the results of an economic analysis to others - practical assignments, discussions
7. Responsibly plan the completion of the assignments given - practical assignments – calculations
8. Independently calculate and analyse the key economic performance indicators of an enterprise and determine the factors of the indicators – test 2, practical assignments, an examination
9. Independently come up with proposals on tackling enterprise performance problems and contributing to enterprise development - discussions in classes, an examination
1. Theoretical aspects and methodology of an economic performance analysis. Economic performance definition, types, object, subject, principles and link with other science fields. Use of financial indicators and their analysis (lecture - 1 hour)
2. Analysis of financial statements of enterprises. Vertical and horizontal analysis of financial statements (practical assignment - 2 hours)
3. Cash flow analysis, cash flow impacting factor analysis (practical assignment - 2 hours)
4. Analysis of production and sales. Analysis of production and sales structure, its impacting factors. Income analysis. (lecture - 1 hour, practical assignment - 2 hours)
5. Analysis of long-term investments and current assets. Analysis of production resources, its utilization efficiency, working capital dynamics, its structure analysis and impacting factor assessment. (lecture - 1 hour, practical assignment - 4 hours)
6. Analysis of labour utilization. Analysis of labour time and productivity, analysis of labour force movement, analysis of labour force efficiency. Wage and salary analysis (lecture - 1 hour, practical assignment - 2 hours)
7. Test 1 – theoretical aspects and methodology of economic performance analysis (2 hours)
8. Analysis of production and service cost. Cost structure analysis. Cost analysis of individual types of products. Analysis of variable and fixed costs (lecture - 1 hour, practical assignment - 4 hours)
9. Profit analysis. Profit impacting factors and their analysis. (lecture - 1 hour, practical assignment - 2 hours)
10. Analysis of enterprise capital. Advantages and disadvantages of using equity and borrowed capital. Evaluation of efficiency of capital use (lecture - 1 hour)
11. Analysis of financial performance indicators of an enterprise. Liquidity indicator analysis, Profitability indicator analysis. Solvency indicator analysis. (lecture - 1 hour, practical assignment - 2 hours)
12. Test 2 - Calculation, analysis and evaluation of enterprise’s economic activities basic indicators (2 hours)
Examination. The mark consists of the following pieces of assessment:
• Examination – all the topics (50 %)
• Test 1 – Theoretical aspects and methodology of analysis of economic activities (10 %)
• Test 2 - Calculation, analysis and assessment of key economic performance indicators (20 %)
• Calculations and discussions in practical’s (10%)
10% are equal to one point on a 10-point marking scale
By studying literature and lecture materials, to prepare for practical assignments in classes, tests and exam.
The evaluation of the study course depends on the evaluations of the results to be achieved during the study course: 1st test results comprise up to 10% of the total evaluation of the course, 2nd test -20% , practical assignments and discussions during the course -20%, exam - 50%.
10% corresponds to one point on the 10-point assessment scale.
1. Zariņa V. Saimnieciskās darbības novērtēšana, izmantojot finanšu analīzi. Rīga: Lietišķās informācijas dienests, 2022., 88 lpp.
2. Zariņa V., Strēle I. Finanšu plānošana uzņēmumā. Rīga, Lietišķās informācijas dienests, 2009., 105.lpp.
3. Ovčiņņikova I. Uzņēmējdarbības ekonomika. Rīga: RTU 2002. 63. lpp.
4. Šneidere R. Finanšu analīzes metodes uzņēmuma maksātnespējas prognozēšanai. Rīga: Lietišķās informācijas dienests, 2009. 232 lppRurāne M. Finanšu menedžments. Rīga: RSEBAA, 2005. 384. lpp.
5. Rurāne M. Uzņēmuma finanses. Rīga: Jumava, 2007. 266 lpp.
1. Jerešenko V., Pinnis J., Averina J. u.c. Finanšu vadības rokasgrāmata. I daļa. Rīga: Dienas Bizness, 2004.
2. Jerešenko V., Pinnis J., Averina J. u.c. Finanšu vadības rokasgrāmata. II daļa. Rīga: Dienas Bizness, 2004.
3. Rurāne M. Finansu pārvaldība. Rīga: Latvijas izglītības fonds, 2002. 281 lpp.
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: Dagens Industri, 1992. ISSN 1407-2041
3. https://www.ifinanses.lv
4. https://www.investopedia.com/
5. https://corporatefinanceinstitute.com/resources/
6.https://corporatefinanceinstitute.com/resources/knowledge/finance/analysis-of-financial-statements/
Mandatory elective for Faculty of Food Technology academic study programme - Food Quality and Innovations