Course code Ekon2082
Faculty Faculty of Business, Management and Economics
Credit points, number of lectures
Credit points ECTS Credit points Total number of auditorium hours Number of lecture hours Number of seminars and practical work hours Number of student independent work hours
2 3 32 15 17 48
E-courses 2EKO2942: Simple entry bookkeeping
Course annotation The course is intended for individual merchants and other self-employed persons bookkeeping.
Course aim - to provide knowledge in the understanding and application levels for individual merchants and other self-employed person bookkeeping and taxation, subject to differences in their legal status.
Course objective - to give students a chance to acquire individual merchants and other self-employed person's legal status, accounting and tax rules base, familiar with basic accounting principles, inventory items, valuation methods for assets, income and expenditure of the simple accounting system. Students acquire individual merchant financial reporting during the course.

The language of instruction is Latvian

Course responsible lecturer Ramona Rupeika-Apoga
Results Knowledge:
1. knows the legal basis for accounting for a simple entry accounting to create the report of revenue and expenditure
2. able to describe tax calculation and accounting procedures for individual entrepreneurs, farms, etc. economic operators who can keep records in a simple entry system

Skills:
3. uses the acquired theoretical knowledge for arranging accounting in a simple recording system
4. practically completes the most used accounting documents, registers and reports.

Competences
5. calculate taxes for individual entrepreneurs, farms, etc. self-employed economic operators who keep accounting records in a simple record-keeping system

6. draws up personal income tax declaration for self-employed economic operators
Course plan No. Topic Planned amount in hours
1. The legal framework for economic activities and accounting laws and regulations. L2;S2
2. Documentation of economic activity, registration of income and expenses. L3;S3
3. Calculation of taxes and their accounting. L4;P5
4. Accounting objects of the simple entry system. L3;P3
5. Annual income statement and financial statement. L3;P4

L - lecture, S - seminar,
P - practical work
Requirements for obtaining credit points The attendance of the lectures is not mandatory, but recommended.
The student is obliged to attend seminars and practical works.
Midterm assessment:
1. 2 tests, 2 home works (50%).
Final assessment:
2. Exam (50%) -

a written, theoretical issues and practical tasks.
Study programmes Accounting, Analysis and Audit