Financial and Tax System, Risk Identification (JF_441)
About Study Course
Objective
The objective of the course is to provide structured knowledge of financial systems and instruments, as well as the role of governments in economics. The course will cover costs and tax policy of the government, as well as the impact of this policy on distribution of resources and income. The course includes the analysis of elements of the financial system (pension funds and endowment insurance), as well as in-depth tax (direct and indirect) analysis and its impact on the economy, shadow economy analysis, evaluation of peculiarities of competition, in Latvia and abroad. The course provides knowledge on the Latvian tax system, tax calculation methods and payment procedure, procedure of preparation and submission of tax declarations and shadow economy and risks. Following mastering of the course students have understanding of the Latvian tax administration and regularities in taxation, basic principles and analysis of registration, calculation of taxes, financial instruments and risks, as well as improve skills of preparing and interpreting tax declarations, as well as to evaluate the impact of taxes on the payer. This course provides an extensive and up-to-date assessment of public policy problems and economic analysis of national economic policy restrictions.
Prerequisites
Not Required
Learning outcomes
• Understands the regularities of financial processes and the nature of public sector economy, its regulation peculiarities, the diversity of the toolkit for implementation of their processes.
• Knows about economic policy making, its implementation opportunities and factors affecting efficiency.
• Strengthens and deepens the idea of taxes, tax policy and nature of administration.
• Understands the financial system, tax policy, its interaction with other areas.
• Demonstrates knowledge and understanding of the content and types of financial risks, organisation of management of financial risks, methods of management of financial risks
• Demonstrates the ability to think in economic categories, to study independently and use sources, incl. governing regulatory enactments, carrying out of applied research and solving of professional tasks.
Knows the tasks of tax administration institutions and responsibility of tax payers.
• Understands the conditions of application of tax types, elements, calculation procedure; shadow economy types and evaluation methods.
• Understands and discusses with arguments the system of taxes and duties, pension systems, endowment insurance of the Republic of Latvia and understands regularities in taxation.
• Is able to organise and carry out an analysis of public finances.
• Is able to characterise trends in the public finance and financial market environment.
• Finds one’s way and is able to analyse economic developments in the public sector in Latvia, EU.
• Is able to prepare and interpret tax and informative declarations, to evaluate risks in the financial market.
Study course planning
| Study programme | Study semester | Program level | Study course category | Lecturers | Schedule |
|---|---|---|---|---|---|
| Economic security, EDMz | 1 | Master’s | Limited choice |
