Veidlapa Nr. M-3 (8)
Study Course Description
Fundamentals of Accounting and Finance
Course Code
SBUEK_180
Branch of Science
Economics and Business
ECTS
6.00
Target Audience
Business Management
LQF
Level 6
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Anželika Berķe-Berga
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
To develop students' understanding of companies and public finances, to provide insight into the financial analysis of a company, cash flow assessment, financial reporting as well as public finance. To develop the understanding of the role of accounting, its goals and objectives in business. To assist in the acquisition of accounting of company's funds and financial sources, economic processes and their financial results, considering the basic principles of accounting and applicable regulatory enactments.
Preliminary Knowledge
Microeconomics, Macroeconomics, Mathematics, Business English.
Learning Outcomes
Knowledge
1.Students are able to demonstrate understanding of basic accounting issues. Students will be able to apply the knowledge gained during the course in planning of their personal and company budgets, working in private business as well as in the public sector.
Skills
1.Upon successful completion of the course students are able to: • comprehend financial statement data as well as make the necessary calculations to assess the financial position of the company; • orientate in the principles of drawing up the state budget; • present and apply basic accounting skills.
Competences
1.Students are able to: • explain the company's indicators of profitability, liquidity, activity, capital and productivity; • calculate cash flow values, perform calculations related to interest rates; • conduct analysis of the company's financial statements; • critically analyse the state budget; • independently calculate simple accounting tasks.
Assessment
Individual work
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
|
-
|
|
During the course students are expected to search and analyse information about the nature of company finances, its indicators, state budget, as well as the role of the financial sector in public and corporate finance by preparing summaries and reports on the topics.
|
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
10 points
|
|
Assessment of learning outcomes will be done through individual calculations, group work, designing a project based on practical financial and accounting analysis, presenting and commenting on project and group work results. 50% of the final grade consists of the assessment of independent work, seminar work and examination on financial topics: • Individual calculations in seminars and homework: 20% • Group work: 20% • Project work (practical financial and accounting analysis): 20% • Presentation and comments on project and group work results: 20% • Exam Part 1: 20% The other 50% of the final grade consists of the assessment of independent work, interim tests and examination on accounting topics: • Participation in seminars (activity and quality of answers): 10%, • Interim tests: 40%, • Summaries: 15% • Report:10%, • Exam Part 2: 25%. |
||
Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
NPV, IRR. Cash flow, its valuation methods. Annuity.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
NPV, IRR. Cash flow, its valuation methods. Annuity.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Analysis of financial statements. Company financing sources. Company capital, its structure. Asset financing. Fixed assets. Current assets.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
PZA. Company profit and profitability. Cash flow, its valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
PZA. Company profit and profitability. Cash flow, its valuation. Group work.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Assessment of financial position of a company. Liquidity, capital and investor ratios. "Du Pont" analysis.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Budgeting and evaluation of investment projects: cash flow preparation
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Budgeting and evaluation of investment projects: sensitivity analysis
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial planning for start-ups
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial planning for start-ups
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
State budget. State Revenue. Taxes. Tax load. Other types of government revenue.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Role and place of accounting in business.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Double-entry of accounting system.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting accounts, their content and structure.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting accounts, their content and structure.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting accounts, their content and structure.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Preparation of accounting balance.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Annual reports and other documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Annual reports and other documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting cycle and accounting documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting cycle and accounting documents.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
60 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Analysis of financial statements. Company financing sources. Company capital, its structure. Asset financing. Fixed assets. Current assets.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
PZA. Company profit and profitability. Cash flow, its valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
PZA. Company profit and profitability. Cash flow, its valuation. Group work.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Assessment of financial position of a company. Liquidity, capital and investor ratios. "Du Pont" analysis.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
State budget. State Revenue. Taxes. Tax load. Other types of government revenue.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Role and place of accounting in business.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting accounts, their content and structure.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Preparation of accounting balance.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Annual reports and other documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting cycle and accounting documents.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
28 Academic Hours
Final Examination:
Exam (Written)
Bibliography
Required Reading
1.
R. A. Brealey, S. C. Myers, A. J. Marcus Fundamentals of Corporate Finance. 10th Ed., McGraw Hill, 2019, 728 p.Suitable for English stream
2.
Berk DeMarzo. Harford Fundamentals of Corporate Finance. 3rd Ed., Pearson Education, 2015, 756 p.Suitable for English stream
3.
S. B. Block, G. A. Hirt Foundations of Financial Management. 11th Ed., McGraw-Hill, 2005, 687 p.Suitable for English stream
4.
L. J. Gitman. Principles of Managerial Finance. 12th Ed., Pearson International Ed., 2007, 848 p.Suitable for English stream
5.
Grāmatvedības pamati:
6.
T. Korsaka, V. Raņķevica. „Ievads Grāmatvedībā”. Rīga, 2005.
7.
M. Grandāne, E. Martemjanova, I. Marāne, V .Mežauraupa, A. Soopa. Finanšu grāmatvedība. Rīga, 2004.
8.
J. Bojarenko, L. Belavska, A. Tjurina. Finanšu grāmatvedība. Teorija un prakse 2.daļa Rīga. Biznesa komplekss, 2009.
9.
J. Bojarenko, A. Tjurina, M. Ķūda, I. Pokramoviča, I. Jespere. Finanšu grāmatvedība. Teorija un prakse 2.daļa Rīga. Biznesa komplekss, 2009.
Additional Reading
1.
R. A. Brealey, S. C. Myers, F. Allen Corporate Finance. 8th Ed., McGraw-Hill, 2006, 1028 p.Suitable for English stream
2.
Grāmatvedības pamati:
3.
V. Zariņa, V. Medne. Uzdevumu krājums finanšu grāmatvedībā un nodokļos. (Uzņēmējdarbības bibliotēka 63), Turība, Rīga, 2011.
4.
LR likums „Par grāmatvedību”
5.
LR likums „Gada pārskatu likums”
6.
Ministru kabineta 2003.gada 21.oktobra noteikumi Nr.585 „Noteikumi par grāmatvedības kārtošanu un organizāciju”
7.
Likumi
8.
Ministru kabineta 2003.gada 21.oktobra noteikumi Nr.584 „Kases operāciju uzskaites noteikumi”
9.
Ministru kabineta 2007.gada 27.martā noteikumi Nr.201 „Noteikumi par obligāti piemērojamiem Latvijas grāmatvedības standartiem”
10.
Ministru kabineta 2007.gada 20.martā noteikumi Nr.188 Kārtība, kādā individuālie komersanti, individuālie uzņēmumi, zemnieku un zvejnieku saimniecības, citas fiziskās personas, kas veic saimniecisko darbību, kārto grāmatvedību vienkāršā ieraksta sist
Other Information Sources
1.
Ministry of Finance (Latvia) homepageSuitable for English stream
2.
Nasdaq Baltic homepageSuitable for English stream
3.
Grāmatvedības pamati:
4.
Valsts ieņēmuma dienests