IUV209 Accounting

Code IUV209
Name Accounting
Status Compulsory/Courses of Limited Choice; Courses of Free Choice
Level and type Undergraduate Studies, Professional
Field of study Business Management and Administration
Faculty
Academic staff Lolita Tīse
Credit points 3.0 (4.5 ECTS)
Parts 1
Annotation The course of study shall provide theoretical knowledge and practical skills enabling the final balance sheet of the reporting period to be drawn up. The course deals with: the organization of the accounting work; the principle of double entry; the determination of the financial result of the economic activity of the undertaking; the accounting of economic resources and their sources..
Goals and objectives
of the course in terms
of competences and skills
The purpose of the study course is to raise awareness of the nature and characteristics of accounting records, as well as the composition and use of accounting techniques, so that students are able, after learning, to solve simple practical tasks in the accounting field, to post source document information in the accounts and to prepare a balance sheet and a profit or loss account.
Learning outcomes
and assessment
Can gather and systematize accounting facilities. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to understand the essence of chart of accounts and double entry method. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to state the result of economic performance. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to calculate fixed asset depreciation. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to understand inventory accounting methods: recurring and continuations. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to calculate wages and deductions for employees. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Able to prepare a profit or loss account and balance sheet. - Execute assignments. The lecturer evaluates solutions and gives comments. This is a prerequisite for admission to the exam.
Course prerequisites Economics. Business Law.

[Extended course information PDF]