Department of Finance and Accounting

The department carries out the UL financial record management and accounting, and consists of two sections: Financial Planning Division and Accounting Division. The Financial Planning Division prepares the budgets of the University of Latvia and its structural units, controls the use of financial resources in projects and structural units, provides responsible officials with the necessary financial information. Accounting records all the UL economic transactions – incoming and outgoing invoices, payments, salaries to employees, travel expenses, scholarships for students, records all material assets and transactions according to the type of funds, projects, scholarships and contract work. It performs tax calculations and payments, generates performance reports for the UL management and control authorities.