Accounting for Managers of Enterprises

Study Course Description

Course Description Statuss:Approved

Course Description Version:3.00

Study Course Accepted:02.02.2024 12:29:36

Study Course Information
Course Code:		SBUEK_087		LQF level:		Level 7
Credit Points:		2.00		ECTS:		3.00
Branch of Science:		Economics; Accounting and Bookkeeping Theories		Target Audience:		Management Science; Business Management
Study Course Supervisor
Course Supervisor:		Iveta Magone
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)		6	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		12
Classes (count)		4	Class Length (academic hours)		2	Total Contact Hours of Classes		8
Total Contact Hours								20
Part-Time - Semester No.1
Lectures (count)		4	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		8
Classes (count)		2	Class Length (academic hours)		2	Total Contact Hours of Classes		4
Total Contact Hours								12
Study course description
Preliminary Knowledge:
Economics, Mathematics, Entrepreneurship.
Objective:
To develop understanding and improve knowledge of accounting theory and its application in practical entrepreneurship. Basic course in accounting, which includes conceptual assessment, understanding of laws and regulations, and ethical aspects of accounting, including analysis of financial statements.
Topic Layout (Full-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Role of accounting in entrepreneurship – concept, essence and legal basis of accounting in the Republic of Latvia: • Significance and tasks of accounting • Classification of accounting • Groups of accounting data users • Requirements for accounting, accountancy principles • Key accounting laws and regulations, requirements thereof			Lectures		2.00	auditorium
				Classes		1.00	auditorium
2	Development of an internal control system to provide an adequate environment for accounting. • Key aspects of creating an internal control environment in a company • Key internal control system management models • 5 key elements of an internal control system			Lectures		1.00	auditorium
				Classes		1.00	auditorium
3	Financial accounting – single and double-entry bookkeeping. • Single-entry bookkeeping • Double-entry bookkeeping • Balance sheet concept and structure • Changes to balance sheet and their types • Description of balance sheet items • Profit or loss account • Account concept and structure, account classification, account opening, accounting • Annual report, tax returns			Lectures		2.00	auditorium
				Classes		1.00	auditorium
4	Key accounting issues in entrepreneurship • Accounting software, their use in business decision making • EDS system and key issues • Possible inspections on accounting issues • Analysis of accounting issues • Manager’s role in the organisation of accounting work (fraud risk reduction)			Lectures		1.00	auditorium
				Classes		1.00	auditorium
Topic Layout (Part-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Role of accounting in entrepreneurship – concept, essence and legal basis of accounting in the Republic of Latvia: • Significance and tasks of accounting • Classification of accounting • Groups of accounting data users • Requirements for accounting, accountancy principles • Key accounting laws and regulations, requirements thereof			Lectures		1.00	auditorium
				Classes		1.00	auditorium
2	Development of an internal control system to provide an adequate environment for accounting. • Key aspects of creating an internal control environment in a company • Key internal control system management models • 5 key elements of an internal control system			Lectures		1.00	auditorium
3	Financial accounting – single and double-entry bookkeeping. • Single-entry bookkeeping • Double-entry bookkeeping • Balance sheet concept and structure • Changes to balance sheet and their types • Description of balance sheet items • Profit or loss account • Account concept and structure, account classification, account opening, accounting • Annual report, tax returns			Lectures		1.00	auditorium
4	Key accounting issues in entrepreneurship • Accounting software, their use in business decision making • EDS system and key issues • Possible inspections on accounting issues • Analysis of accounting issues • Manager’s role in the organisation of accounting work (fraud risk reduction)			Lectures		1.00	auditorium
				Classes		1.00	auditorium
Assessment
Unaided Work:
Presentation topic chosen by the student on accounting issues or one of the following topics can be selected (one must notify the lecturer about the title and date of presentation to avoid duplication of topics): 1. Key basic requirements for organisation of accounting 2. Evaluation of personal income tax 3. Evaluation of corporate income tax 4. Evaluation of the “Provisions” item of balance sheet 5. Evaluation of the “Long-Term Investments” item of balance sheet 6. Evaluation of the annual report of one’s company and/or cooperation, taking decision in entrepreneurship 7. Evaluation of business partners (without the evaluation of annual report) 8. Conditions for declaring cash 9. Enhanced cooperation programme 10. Overview of accounting software 11. E-commerce and accounting 12. Evaluation of the Law on Taxes and Duties 13. Prevention of money laundering 14. Taxpayer rating system Length of the presentation: 10 – 15 min Test: To carry out independently the task given by the lecturer using all aids.
Assessment Criteria:
The final grade will be the sum of all grades. Knowledge will be assessed using 10-point grading system. 1. Participation in lectures (activity and quality of answers) – 10% 2. Presentation – 40% 3. Completing a test in e-studies – 50%
Final Examination (Full-Time):		Exam (Written)
Final Examination (Part-Time):		Exam (Written)
Learning Outcomes
Knowledge:		On successful completion of the study course, students acquire knowledge of accounting theory, the main requirements of normative acts and standards and their use in business decision making.
Skills:		On successful completion of the study course, students acquire skills to analyse and evaluate problems related to accounting issues, to make the right decisions in choosing the form of accounting and the way of organising.
Competencies:		Students learn how to request the necessary accounting information for decision-making when defining their future business strategy.
Bibliography
No.	Reference
Required Reading
1	Inguna Leibus, Regīna Grigorjeva, Anna Jesemčika, Anastasija Svarinska „Grāmatvedības, pamati uzņēmumos” Rīga, 2016, LID.
2	Inguna Leibus, „Pašnodarbināto grāmatvedība un nodokļi”, Rīga, 2016, LID.
3	Inguna Leibus, „Pirmie soļi komercdarbībā: darbības uzsākšana, grāmatvedība un nodokļi”, Rīga, 2016, LID.
4	LR likums „Par grāmatvedību” ar izmaiņām
5	LR likums „Gada pārskatu un konsolidēto gada pārskatu likums” ar izmaiņām
6	Ministru kabineta 2003. gada 21. oktobra noteikumi Nr.585 „Noteikumi par grāmatvedības kārtošanu un organizāciju” ar izmaiņām
7	Ministru kabineta 2003. gada 21. oktobra noteikumi Nr.584 „Kases operāciju uzskaites noteikumi” ar izmaiņām
8	Valsts ieņēmumu dienesta mājas lapa. Pieejams no: www.vid.gov.lv
9	Likums "Par nodokļiem un nodevām"
Additional Reading
1	Starptautisko grāmatvedības (finanšu pārskatu) standartu Comprehensive līmeņa kursu mācību materiāli. Pieejams no: http://www.fm.gov.lv/lv/sadalas/gramatvedibas_un_revizijas_…
2	Finanšu un grāmatvedības portāls. Pieejams no: http://www.ifinanses.lv
3	Grāmatvedības portāls. Pieejams no: http://www.vid.lv