Fundamentals of Accounting and Finance

Study Course Description

Course Description Statuss:Approved

Course Description Version:6.00

Study Course Accepted:02.02.2024 12:29:11

Study Course Information
Course Code:		SBUEK_180		LQF level:		Level 6
Credit Points:		4.00		ECTS:		6.00
Branch of Science:		Economics; Other economic and management sub-sectors		Target Audience:		Business Management
Study Course Supervisor
Course Supervisor:		Anželika Berķe-Berga
Study Course Implementer
Structural Unit:		Faculty of Social Sciences
The Head of Structural Unit:
Contacts:		Dzirciema street 16, Rīga, szfrsu[pnkts]lv
Study Course Planning
Full-Time - Semester No.1
Lectures (count)		12	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		24
Classes (count)		14	Class Length (academic hours)		2	Total Contact Hours of Classes		28
Total Contact Hours								52
Part-Time - Semester No.1
Lectures (count)		7	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		14
Classes (count)		7	Class Length (academic hours)		2	Total Contact Hours of Classes		14
Total Contact Hours								28
Study course description
Preliminary Knowledge:
Microeconomics, Macroeconomics, Mathematics, Business English.
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.
Topic Layout (Full-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.			Lectures		2.00	auditorium
2	NPV, IRR. Cash flow, its valuation methods. Annuity.			Lectures		1.00	auditorium
3	Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.			Classes		2.00	auditorium
4	Analysis of financial statements. Company financing sources. Company capital, its structure. Asset financing. Fixed assets. Current assets.			Lectures		1.00	auditorium
5	PZA. Company profit and profitability. Cash flow, its valuation.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
6	PZA. Company profit and profitability. Cash flow, its valuation. Group work.			Classes		1.00	auditorium
7	Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
8	Assessment of financial position of a company. Liquidity, capital and investor ratios. "Du Pont" analysis.			Lectures		1.00	auditorium
9	Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.			Lectures		1.00	auditorium
				Classes		2.00	auditorium
10	State budget. State Revenue. Taxes. Tax load. Other types of government revenue.			Lectures		1.00	auditorium
11	Role and place of accounting in business.			Classes		1.00	auditorium
12	Double-entry of accounting system.			Lectures		1.00	auditorium
13	Accounting accounts, their content and structure.			Lectures		1.00	auditorium
				Classes		2.00	auditorium
14	Preparation of accounting balance.			Lectures		1.00	auditorium
15	Annual reports and other documents.			Classes		2.00	auditorium
16	Accounting cycle and accounting documents.			Classes		2.00	auditorium
Topic Layout (Part-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Introduction. Business environment and basic principles of operation. Budget planning. The value of money over time. Present value, future value.			Lectures		1.00	auditorium
3	Changes in the value of money over time. Cash flow measurement with variable elements. Annuity evaluation. Tasks.			Classes		1.00	auditorium
4	Analysis of financial statements. Company financing sources. Company capital, its structure. Asset financing. Fixed assets. Current assets.			Lectures		1.00	auditorium
5	PZA. Company profit and profitability. Cash flow, its valuation.			Lectures		1.00	auditorium
6	PZA. Company profit and profitability. Cash flow, its valuation. Group work.			Classes		1.00	auditorium
7	Financial analysis of the company. Groups of financial ratios. Profitability and activity indicators.			Lectures		1.00	auditorium
8	Assessment of financial position of a company. Liquidity, capital and investor ratios. "Du Pont" analysis.			Lectures		1.00	auditorium
9	Investments and International Operations Accounting for Financial Assets. Accounts Receivable & Accounts Payable.			Classes		1.00	auditorium
10	State budget. State Revenue. Taxes. Tax load. Other types of government revenue.			Lectures		1.00	auditorium
11	Role and place of accounting in business.			Classes		1.00	auditorium
13	Accounting accounts, their content and structure.			Lectures		1.00	auditorium
14	Preparation of accounting balance.			Classes		1.00	auditorium
15	Annual reports and other documents.			Classes		1.00	auditorium
16	Accounting cycle and accounting documents.			Classes		1.00	auditorium
Assessment
Unaided 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.
Assessment Criteria:
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%.
Final Examination (Full-Time):		Exam (Written)
Final Examination (Part-Time):		Exam (Written)
Learning Outcomes
Knowledge:		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:		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.
Competencies:		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.
Bibliography
No.	Reference
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