Veidlapa Nr. M-3 (8)

Course Description Status: Approved

Course Description Version: 24/25.P.1.00

Description Period: 2024./25 academic year pavasara semestris

Study Course Accepted: -

Study Course Description

Fundamentals of Accounting and Finance

Main Study Course Information

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

Study Course Implementer

Course Supervisor
Anželika Berķe-Berga
Structure Unit Manager
Karina Palkova
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
-
-
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

  1. Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2
2.
Lecture
On site
Auditorium
2

  1. NPV, IRR. Cash flow, its valuation methods. Annuity.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.

EventType
Modality
Location
Contact hours
1.
Class/Seminar
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2

  1. Analysis of financial statements. Company financing sources. Company capital, its structure. Asset financing. Fixed assets. Current assets.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. PZA. Company profit and profitability. Cash flow, its valuation.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2

  1. PZA. Company profit and profitability. Cash flow, its valuation. Group work.

EventType
Modality
Location
Contact hours
1.
Class/Seminar
On site
Auditorium
2

  1. Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2

  1. Assessment of financial position of a company. Liquidity, capital and investor ratios. "Du Pont" analysis.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2
3.
Class/Seminar
On site
Auditorium
2

  1. State budget. State Revenue. Taxes. Tax load. Other types of government revenue.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. Role and place of accounting in business.

EventType
Modality
Location
Contact hours
1.
Class/Seminar
On site
Auditorium
2

  1. Double-entry of accounting system.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. Accounting accounts, their content and structure.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2
3.
Class/Seminar
On site
Auditorium
2

  1. Preparation of accounting balance.

EventType
Modality
Location
Contact hours
1.
Lecture
On site
Auditorium
2

  1. Annual reports and other documents.

EventType
Modality
Location
Contact hours
1.
Class/Seminar
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2

  1. Accounting cycle and accounting documents.

EventType
Modality
Location
Contact hours
1.
Class/Seminar
On site
Auditorium
2
2.
Class/Seminar
On site
Auditorium
2
Total ECTS (Creditpoints):
6.00
Contact hours:
52 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.

2.

Berk DeMarzo. Harford Fundamentals of Corporate Finance. 3rd Ed., Pearson Education, 2015, 756 p.

3.

S. B. Block, G. A. Hirt Foundations of Financial Management. 11th Ed., McGraw-Hill, 2005, 687 p.

4.

L. J. Gitman. Principles of Managerial Finance. 12th Ed., Pearson International Ed., 2007, 848 p.

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.

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.

www.likumi.lv

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) homepage

2.

Nasdaq Baltic homepage

3.

Grāmatvedības pamati:

4.

www.vid.gov.lv

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