Basics of Business
Study Course Implementer
Riga, Kronvalda bulvāris 9, svek@rsu.lv, +371 67338307
About Study Course
Objective
Preliminary Knowledge
Learning Outcomes
Knowledge
1.Students will be able to: - distinguish between the economic, business and commercial activities, - name the main legislation governing business, - explain the need of operating records; - define the basic principles of accounting, - name and describe the types of business risk.
Skills
1.The students will be able to: - compare the forms of business, identify their strengths and weaknesses, - choose the appropriate form of business to the specific economic activity, - develop a business plan, - carry out SWOT and PEST analysis, - establish an appropriate organizational structure, to identify the necessary resources.
Competences
1.The students will be able to: - analyze the Latvian business environment and the state's role in promoting entrepreneurship, - evaluate the effectiveness of control methods, - analyze the company's financial performance, - assess the risks and make decisions for mitigation and prevention.
Assessment
Individual work
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Title
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% from total grade
|
Grade
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|---|---|---|
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1.
Individual work |
-
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-
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|
Individual work with study materials and literature. They develop presentations about topics covered in the study course.
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||
Examination
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Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
|
|
2.
Examination |
-
|
-
|
|
Cumulative assessment that consists of assessment of the independent work completed during the course – 50% and exam grade – 50%. To be able to take the exam, student has to have a positive assessment in all the independent work completed during the study course. To receive a final grade, examination is mandatory. The assessment of independent work in case of an unsuccessfully passed exam does not increase the final assessment grade.
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Study Course Theme Plan
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Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The nature and functions of entrepreneurship. Business - one of the lines of business. The company's concept, objectives, philosophy, motivation, role.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
The nature and functions of entrepreneurship. Business - one of the lines of business. The company's concept, objectives, philosophy, motivation, role.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
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Commercial law. Legal aspects - responsibility, distribution of powers, forms of control, ways of raising capital, investment in equity. Company registration, reorganization, liquidation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Motives for establishment, objectives, necessary resources. The main functions of management (planning, organizational structure choice, motivation, control). Administrative documents, special documents.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Motives for establishment, objectives, necessary resources. The main functions of management (planning, organizational structure choice, motivation, control). Administrative documents, special documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Motives for establishment, objectives, necessary resources. The main functions of management (planning, organizational structure choice, motivation, control). Administrative documents, special documents.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
The concept of Business environment, the impact on the business results, decisions. Entrepreneurial microenvironment, macroenvironment. The role of State in improving the business environment.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The concept of financing, its essence. The role of financial resources for the company. Equity and borrowed capital. Internal and external financing. The source of financing characterization. Participation in the financing of various business forms.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
The concept of financing, its essence. The role of financial resources for the company. Equity and borrowed capital. Internal and external financing. The source of financing characterization. Participation in the financing of various business forms.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Provisions governing institutions economic activity. Financial accounting, management accounting. The company's annual report, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation.
|
Bibliography
Required Reading
Leibus I. 2019. Uzņēmuma darbības uzsākšana, grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 176 lpp.
Drukers P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība, 224 lpp.
Additional Reading
Braiena L, Hola R. 2019. Uzņēmējdarbība iesācējiem. Rīga: Zvaigzne ABC, 128 lpp.
Drukers P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība, 224 lpp.