IV0019 Financial Accounting of the Property

Code IV0019
Name Financial Accounting of the Property
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Civil Construction and Real Estate Management
Faculty Faculty of Engineering Economics and Management
Academic staff Ineta Geipele, Sanda Lapuķe, Gita Actiņa
Credit points 4.0
Parts 1
Annotation Importance of accounting for economic operation of a company. Organization of accounting in a company. Real estate record-keeping in the accounting system, specifics of accounting and writing-off of real estate and movable property. Updating of property value. Application of accounting information. .
Contents
Content Full- and part-time intramural studies Part time extramural studies
Contact hours Independent work Contact hours Independent work
Organization of accounting work in real estate company. 4 6 2 8
Accounting and record keeping basics. 4 6 2 8
Fixed assets: formation and accounting. 4 6 2 8
Balance. 4 6 2 8
Income: collection and accounting. 2 4 1 5
Classification of management expenses. 4 6 2 8
Drafting up of residential houses exploitation expenses estimate. 4 6 2 8
Administrative costs, building maintenance and public utilities expenses. 4 6 2 8
Planning and expenses of repair works. 4 6 2 8
Price inquiry organization, application drafting and delivery. 2 1 1 2
Drafting up and analysis of annual report. 4 6 2 8
Tax types and payment order. 4 6 2 8
Inventory: organization. 4 7 2 9
Total: 48 72 24 96
Goals and objectives
of the course in terms
of competences and skills 		To be able to establish accurate accounting and property record keeping system in property which has to be managed, but at the same time observing system’s basic principles and laws and regulations in force which helps to acquire knowledge about tax system and payment order in the republic of Latvia.
Learning outcomes
and assessment 		To acquire Accounting and record keeping basics. - Practical tasks
To know economic assets of the company: source and economic process as well as their financial result accounting by observing basic principles of accounting and laws and regulations in force. - Practical tasks, case analysis
To organize preparation of budget planning, reports and financial reports. (including preparation and coordination of income and expenses estimate) - Practical tasks, case analysis
To organize stated payment calculation, collection and settlement with service provider as it is stated in standards in stated order for housing management. - Practical tasks, case analysis
To be able to analyze results of housing management activity. - Practical tasks, case analysis, examination
Evaluation criteria of study results
Practical tasks - 30%
Case studies - 20%
Presentation - 10%
Exam - 30%
Activity in class discussions - 10%
 
Course prerequisites Subject is based on knowledge acquired in previous study period
Course planning
Part CP Hours Tests
Lectures Practical Lab. Test Exam Work
1 4.0 40.0 20.0 0.0 *
[Extended course information PDF]