Veidlapa Nr. M-3 (8)
Study Course Description
Financial Management
Course Code
JF_468
Branch of Science
Law
ECTS
6.00
Target Audience
Civil and Military Defense; Law; Management Science; Marketing and Advertising
LQF
Level 7
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Aina Čaplinska
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
The aim of the study course is to provide structured knowledge of the concepts and methods of financial management, the use of theoretical knowledge in practical work, forecasting and planning the financial activity of a company. The task of the course is to analyse financial theories and opinions on key financial categories, as well as how they can be used in financial policy-making. Students get an idea of financial management problems in Latvia, learn the methods of analysis of the financial market. They improve their knowledge of company financial management. The focus is on the use of theoretical knowledge in practical work. Upon completion of the course, students will be able to manage the finances of the company by applying modern financial management methods and techniques; obtain the necessary information from financial statements, assess the financial situation and development prospects of the company, make sound investment decisions, forecast and plan the financial activity of the company.
Preliminary Knowledge
Technical and fundamental analysis of the data; Basic accounting; Financial analysis of the company.
Learning Outcomes
Knowledge
1.Upon completion of the study course, students will know the elements of the company's internal and external sources of finance, as well as the methodology for calculating financial indicators and ratios. They will explain the role of finances in a company and understand the movement of capital, possibilities of internal financing, financial ratios and other indicators needed for carrying out the analysis of factors affecting profit and profitability and for assessing the cost of capital and evaluation of investment projects.
Skills
1.Analyse factors affecting profit and profitability, find possible solutions and development alternatives in the process of establishing financial policy. Critically evaluate the required knowledge for planning the operation of the company and determining the best way of financing the company, taking into account the impact of international factors, as well as analysing and preventing potential business risks. Able to calculate the company's financial indicators and evaluate the financial situation of the company according to calculated indicators. Analyse factors that influence the financial situation of the company; able to prepare financial information according to the needs of target audiences.
Competences
1.Forecast future financial management processes reasonably and their impact on the specific financial management policy; express an economically responsible and sound position in addressing financial management problems. Able to calculate the necessary indicators for taking financial decisions using the financial information available in the company. Provide practical recommendations on how to organise financial management based on increasing the value and efficiency of the company, regardless of the size of the company, number of employees or direction of activity.
Assessment
Individual work
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
|
-
|
|
Development of critical thinking by assessing different problem situations and modelling their solutions.
Preparation for seminars, practical work, examination, presentation and defence, development and defence of the teamwork.
Studies of required and additional sources of information, current research.
|
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
|
|
The assessment for the study course is made by summing up:
1) attendance of lectures (10%),
2) interim examination - completion of independent work (20%),
3) work in seminars (20%),
4) completion of practical work assignments (20%),
5) end-of-course oral examination (30%).
Mastering of the study course is assessed on a 10-point grading scale in accordance with the laws and regulations of the Republic of Latvia and the Senate decision of 17.12.2018, minutes No.15, based on the following criteria: the extent and quality of the acquired knowledge; the acquired skills; the acquired competence in compliance with the intended learning outcomes. Total score must not be below 4 points.
|
||
Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Strategic and operational-tactical financial management.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial risk management and financial leverage.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial planning and forecasting.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Nature, types and rules of financing. Sources of funding and their management.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial statement as a source of financial analysis. Financial statements as a basis of information for financial management. Methods and techniques to be applied in financial analysis.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Internal financing. Funding of participation. Leasing.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial planning and forecasting.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial stability and its management.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Household finances and characteristics of their management. Sound personal financial management.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Management of current assets. Analysis of the business activity of the company and calculations of the turnover indicators.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Nature, types and rules of financing. Sources of funding and their management.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Management of current assets. Analysis of the business activity of the company and calculations of the turnover indicators.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Cost of capital. Corporate capital structure.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Cost of capital. Corporate capital structure.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Personal finance management apps.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
48 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial risk management and financial leverage.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Nature, types and rules of financing. Sources of funding and their management.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Management of current assets. Analysis of the business activity of the company and calculations of the turnover indicators.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Management of current assets. Analysis of the business activity of the company and calculations of the turnover indicators.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
20 Academic Hours
Final Examination:
Exam (Written)
Bibliography
Required Reading
1.
Dūdele, A., Korsaka, T. Finanšu vadības pamati. Rīga, 2001. 104 lpp. (akceptējams izdevums)
2.
Rurāne, M. Finanšu pārvaldība un analīze. Rīga: Avots, 2019. 258 lpp.
3.
Saksonova, S. Uzņēmuma finanšu vadības praktiskās metodes. Rīga: Merkūrijs, 2006. 225 lpp. (akceptējams izdevums)
4.
Zachary Bell Essentials of Financial Risk Management. Murphy & Moore Publishing, 2022, 234 pages
5.
Whiteley John Mastering Financial Management. New York: Palgrave Macmillan, 2017, 240 pages
6.
Jake Collins. Fundamentals of Financial Management. Murphy & Moore Publishing. 2022, 241 pages
7.
Brooks Raimond. Financial Management. Pearson Education Limited, 2022, 656 pages
8.
Madura, Jeff. International financial management / Jeff Madura, Roland Fox. - 2nd ed. - Cincinnati [etc.]: South-Western College Publishing, 2011. 680 p. (akcpetējams izdevums)
9.
Jonathan Berk, Peter DeMarzo. Corporate Finance: The Core. Global Edition, 4th ed., 2017.,1152 pages
10.
Dorfman, Mark S. Introduction to Risk Management and Insurance. PrenticeHall, 2008., 567 pages (akceptējams izdevums)
11.
Daisy Scott Finance: Markets, Investments and Financial Management. Academic press, 2022, 247 pages
12.
Brealey, Myers Allen. Principles of Corporate Finance. ASV, McGraw-Hill, 2014.
13.
Ārvalstu studentiem/For international students
14.
Daisy Scott Finance: Markets, Investments and Financial Management. Academic press, 2022, 247 pages
15.
Jake Collins. Fundamentals of Financial Management. Murphy & Moore Publishing. 2022, 241 pages
16.
Zachary Bell Essentials of Financial Risk Management. Murphy & Moore Publishing, 2022, 234 pages
17.
Whiteley John Mastering Financial Management. New York: Palgrave Macmillan, 2017, 240 pages
18.
Dorfman, Mark S. Introduction to Risk Management and Insurance. PrenticeHall, 2008., 567 pages (akceptējams izdevums)
19.
Madura, Jeff. International financial management / Jeff Madura, Roland Fox. - 2nd ed. - Cincinnati [etc.]: South-Western College Publishing, 2011. 680 p. (akcpetējams izdevums)
Additional Reading
1.
Apsīte I. Uzņēmuma gada pārskats. Rīga Lietišķās informācijas dienests, 2010., 279 lpp.
2.
Rurāne M. Uzņēmuma finanses. Rīga: Jumava, 2007., 266 lpp.
3.
Krogzeme H. Finanses un nodokļi. Rīga: RTU izdevniecība, 2010. 568 lpp.
4.
Kālis I. Finanšu menedžments. Rīga: Latvijas Universitāte, 2004., 84.-95. lpp.
5.
Kutuzova O. Finanses un kredīts. Rīga: Biznesa augstskola Turība, 2003., 224 lpp.
6.
Rurāne M. Finanšu menedžments. Rīga: Rīgas Starptautiskā ekonomikas un biznesa administrācijas augstskola RSEBAA, 2006., 383 lpp.
7.
Pettere G., Voronova I. Riski uzņēmējdarbībā un to vadība. Rīga: Banku augstskola, Rasa ABC, 2004.,175 lpp.
8.
Šneidere R. Finanšu analīzes metodes uzņēmuma maksātnespējas prognozēšanai. Rīga: Lietišķās informācijas dienests, 2009., 232 lpp.
9.
Zariņa V., Strēle I. Finanšu plānošana uzņēmumā. Rīga: Lietišķās informācijas dienests, 2009.,105 lpp.
10.
Rejda, George E. Principlesof Risk Managementand Insurance. Addison Wesley, 2008., 721 pages
11.
Pandey, IM: Financial Management – 4th ed. – London: Palgrave Macmillan, 2009, 816 pages
12.
Бочаров, B. B. Комплексныйфинансовыйанализ. Санкт-Петербург, 2017.
13.
Ārvalstu studentiem/For international students
14.
Brigham, Houston. Joel F. Houston Fundamentals of Financial Management, Concise Edition, 2019., 866 pages
15.
Constantin Zopounidis, Ramzi Benkraiem, Iordanis Kalaitzoglou Financial Risk Management and Modeling Springer Nature. Switzerland AG, 2021., 480 pages
16.
Eugene F. Brigham, Joel F. Houston Fundamentals of Financial Management (15th ed.). Cengage, 2019, 866 pages
17.
Jeff Madura, Roland Fox. International financial management. 2nd ed. South-Western College Publishing, 2011. 680 p.
Other Information Sources
1.
Laikraksti: "Dienas Bizness”, "Diena”, Financial Times: laikraksts [tiešsaiste]. England based finance newspaper. London: The Financial Times Ltd.
2.
Žurnāli: "Kapitāls”, "Forbes", "Ir nauda" "Biznesa partneri”, "Latvijas ekonomists”, "The Economist”, "The World Economy”, "Economic Journal”.
3.
LR Ekonomikas ministrijas mājas lapa
4.
Latvijas Investīciju un attīstības aģentūras mājas lapa
5.
LR Finanšu ministrijas mājas lapa
6.
FinanceNet
7.
Financial Times: England based finance newspaper. London: The Financial Times Ltd.
8.
Global finance
9.
International Review of Financial Analysis
10.
Ārvalstu studentiem/For international students
11.
Financial Times: England based finance newspaper. London: The Financial Times Ltd.
12.
Global finance