Veidlapa Nr. M-3 (8)
Study Course Description
Financial Management
Course Code
LSPA_098
Branch of Science
Health sciences
ECTS
3.00
Target Audience
Sports Trainer
LQF
Level 6
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Monta Jakovļeva
Structure Unit Manager
Uģis Ciematnieks
Structural Unit
Department of Sports Theory
Contacts
LSPA, Brīvības gatve 333, Riga, LV-1006
About Study Course
Objective
To create in a the student an understanding of financial management elements. To provide an idea of the methods used in financial management. To help to be well versed in financial management mechanisms using practical examples.
Preliminary Knowledge
Not necessary.
Learning Outcomes
Knowledge
1.1. To set your own and team’s work goals by implementing them according to the defined business plan. To use financial planning and forecasting methods to implement a business idea. 2. To critically assess risks related to planned activities for the implementation of a business idea.
Skills
1.Will know and will be able to use: 3. Financial management and economics. 4. Financial planning and forecasting methods. 5. Financial risks. Financial instruments.
Competences
1.6. Ability to determine own business model and adapt plans for achieving the set goals in a changing environment. Ability to carry out or supervise work activities that can involve unpredictable changes. 7. Ability carry out own professional activities in accordance with the chosen business model. 8. Ability to develop a business plan based on the developed model.
Assessment
Individual work
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Title
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% from total grade
|
Grade
|
|---|---|---|
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1.
Individual work |
-
|
-
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|
Practical works on the analysis of the state budget; calculation of the prime cost of services; based on a real example of a company, an analysis of the structure and dynamics of its assets and their sources, as well as the assessment of its financial standing and the forecasting of insolvency.
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Examination
|
Title
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% from total grade
|
Grade
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|---|---|---|
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1.
Examination |
-
|
-
|
|
The lecturer is an adviser in learning theory and directing practical works. Students independently learn theoretical material. They independently analyse and assess situations, make decisions, substantiate their opinions by participating in discussions. Assessment of students, requirements for obtaining CP: 1. Work in practical classes – 30%. 2. Test – test, task – 70%. Test content: 1. Theoretical part – in the form of a test – 30% of the assessment. 2. Practical part – make calculations using the information provided – 70% of the assessment.
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Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
1. Role of financial management in company management
1.1. Concept and nature of financial management
1.2. Objectives and tasks of financial management
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-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
2. Concept and nature of finance
2.1. Finance
2.2. Financial system
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
3. Management of public finances
3.1. Budget system description
3.2. Breakdown of budgets
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Latvian tax system
4.1. Taxes and duties, their payers
4.2. Basic principles for establishing an efficient tax system
4.3. Direct and indirect taxes
4.4. Tax (duty) rates
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Latvian tax system
4.1. Taxes and duties, their payers
4.2. Basic principles for establishing an efficient tax system
4.3. Direct and indirect taxes
4.4. Tax (duty) rates
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
5. System of credit institutions
5.1. Nature and functions of banks
5.2. Levels of the system of credit institutions
5.3. Nature of a credit and types of credits
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
6. Financial mechanism of a company
6.1. Nature of company’s finances
6.2. Elements of the financial mechanism of a company
6.3. Role of financial resources in ensuring the efficient functioning of a company
6.4. Financial activities and objectives of a company
6.5. Concept of company’s operations
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
7. Management accounting
7.1. Nature and use of management accounting in decision making
7.2. Costs and their classification
7.3. Prime cost
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
7. Management accounting
7.1. Nature and use of management accounting in decision making
7.2. Costs and their classification
7.3. Prime cost
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
8. Financial analysis
8.1. Nature of financial analysis, objectives, tasks
8.2. Types, principles and methods of financial analysis
8.3. Financial statements, horizontal and vertical
8.4. Analysis of coefficients in financial statements
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
8. Financial analysis
8.1. Nature of financial analysis, objectives, tasks
8.2. Types, principles and methods of financial analysis
8.3. Financial statements, horizontal and vertical
8.4. Analysis of coefficients in financial statements
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Insolvency forecasting
9.1. Concept and nature of insolvency
9.2. Signs and causes of insolvency
9.3. Systems of external and internal factors and assessment
9.4. Bankruptcy forecasting models
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Insolvency forecasting
9.1. Concept and nature of insolvency
9.2. Signs and causes of insolvency
9.3. Systems of external and internal factors and assessment
9.4. Bankruptcy forecasting models
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
10. Asset management
10.1. Fixed assets management
10.2 Current assets management
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
10. Asset management
10.1. Fixed assets management
10.2 Current assets management
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
11. Management of liabilities
11.1. Equity management
11.2. Borrowed capital management
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
11. Management of liabilities
11.1. Equity management
11.2. Borrowed capital management
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
12. Investment management
12.1. Concept and nature of investments
12.2. Classification and structure of investments
12.3. Planning of investments 1
2.4. Determining efficiency of investment projects
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
13. Financial planning of company’s operations
13.1. Planning of company’s operations
13.2. Budget planning
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
13. Financial planning of company’s operations
13.1. Planning of company’s operations
13.2. Budget planning
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
14. Venture capital
14.1. Nature of venture capital
14.2. Comparison of venture capital and a bank loan
14.3. Types of venture capital
14.4. Risk management
|
Total ECTS (Creditpoints):
3.00
Contact hours:
42 Academic Hours
Final Examination:
Exam
PART-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Latvian tax system
4.1. Taxes and duties, their payers
4.2. Basic principles for establishing an efficient tax system
4.3. Direct and indirect taxes
4.4. Tax (duty) rates
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
5. System of credit institutions
5.1. Nature and functions of banks
5.2. Levels of the system of credit institutions
5.3. Nature of a credit and types of credits
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
7. Management accounting
7.1. Nature and use of management accounting in decision making
7.2. Costs and their classification
7.3. Prime cost
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
8. Financial analysis
8.1. Nature of financial analysis, objectives, tasks
8.2. Types, principles and methods of financial analysis
8.3. Financial statements, horizontal and vertical
8.4. Analysis of coefficients in financial statements
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
8. Financial analysis
8.1. Nature of financial analysis, objectives, tasks
8.2. Types, principles and methods of financial analysis
8.3. Financial statements, horizontal and vertical
8.4. Analysis of coefficients in financial statements
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Insolvency forecasting
9.1. Concept and nature of insolvency
9.2. Signs and causes of insolvency
9.3. Systems of external and internal factors and assessment
9.4. Bankruptcy forecasting models
|
Total ECTS (Creditpoints):
2.00
Contact hours:
16 Academic Hours
Final Examination:
Test (Semester)
Part 2
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
13. Financial planning of company’s operations
13.1. Planning of company’s operations
13.2. Budget planning
|
Total ECTS (Creditpoints):
1.00
Contact hours:
6 Academic Hours
Final Examination:
Exam
Bibliography
Required Reading
1.
Alsiņa, R. Vadības grāmatvedība: teorija un prakse / R.Alsiņa, K.Marinska, J.Bojarenko. Rīga: KIF Biznesa komplekss, 2011. – 244 lpp. (akceptējams izdevums)
2.
Krogzeme, H. Finanses un nodokļi: mācību grāmata. Rīga: RTU izdevniecība, 2010. – 568 lpp. (akceptējams izdevums)
3.
Par nodokļiem un nodevām
4.
Likums par budžetu un finanšu vadību
5.
Rurāne, M. Finanšu menedžments. Rīga: RSEBAA, 2005. – 384 lpp. (akceptējams izdevums)
6.
Ārzemju studentiem/For international students:
7.
On Taxes and Fees
8.
Law on Budget and Financial Management
Additional Reading
1.
Finanšu vadības rokasgrāmata. Rīga: Dienas bizness, 2004.
2.
Kavale, L. Budžets un finanses: mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. – 44 lpp.
3.
Nodokļu politikas un administrēšanas pamati: mācību līdzeklis / L.Kavale, A.Joppe. Rīga: LU Akadēmiskais apgāds, 2008. – 78 lpp.
4.
Saksonova S. Uzņēmuma finanšu vadības praktiskās metodes. Rīga: Merkūrijs, 2006. – 225 lpp.
Other Information Sources
1.
Finanšu ministrija/Ministry of Finance
2.
Likumi/Laws
3.
Labklājības ministrija/Ministry of Welfare
4.
Valsts ieņēmumu dienests/State Revenue Service