Financial Management (JF_468)
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.
Prerequisites
Technical and fundamental analysis of the data; Basic accounting; Financial analysis of the company.
Learning outcomes
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.
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.
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.
