|Name||Budgeting and Control|
|Status||Compulsory/Courses of Limited Choice; Courses of Free Choice|
|Level and type||Undergraduate Studies, Academic|
|Field of study||Business Management and Administration|
|Academic staff||Irina Voronova, Jānis Mežiels|
|Credit points||2.0 (3.0 ECTS)|
Budget, its role in business. Types of budgets. Procedure of planning a budget. Methods used in planning budgets. Application of established standards in the process of planning. Planning process: data collection and analysis, identification of goals and objectives, establishment of restrictive factors, elaboration and evaluation of functional, financial and consolidated budgets. Control and analysis of the budget execution..
Goals and objectives
of the course in terms
of competences and skills
|Able to understand the business financial management. Able to plan, manage, monitor financial performance and evaluate the results.|
Comprehends the term "budget". - Written answers to questions. Assessment according to the 10-point grading system.
Comprehends the importance of the budget in entrepreneurship. - Solution of case study. Assessment according to the 10-point grading system.
Knows how to develop a budget and use it in business management. - Solution of case study. Assessment according to the 10-point grading system.
Able to control the budget execution. - Solution of case study. Assessment according to the 10-point grading system.
Test. - Based on performance during the semester.
|Course prerequisites||Business Economics.|