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
Academic staff Lolita Tīse, Nataļja Lāce
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
Is able to understand the nature of the account system and the double entry method and to determine the financial result of economic activity. - 1., 2. Individual work Exam
Able to calculate depreciation of fixed assets. - 3. Individual work Exam
Able to understand inventory accounting methods: periodic and continuous. - Exam
Is able to calculate salaries and deductions from employees. - 4. Individual work Exam
Able to prepare balance sheet and profit and loss account. - 5. Individual work Exam
Course prerequisites Economics. Business Law.

[Extended course information PDF]