Finances
Level of programme:
Professional Master’s degree programme
Qualification awarded:
Financier
Level of qualification:
Master. On successful graduation of the programme, the graduates obtain Professional Master’s degree in finance and obtains the qualification “Financier” which corresponds to the 5th professional qualification level and it corresponds to the level 7 of the Latvian Qualification Framework (LGF) and European Qualification Framework level 7.
Master. On successful graduation of the programme, the graduates obtain Professional Master’s degree in finance and obtains the qualification “Financier” which corresponds to the 5th professional qualification level and it corresponds to the level 7 of the Latvian Qualification Framework (LGF) and European Qualification Framework level 7.
Specific admission requirements:
Immatriculation, that is the enrolment in the study programme is organized according to the Enrollment Regulations of the School, which are being endorsed by the Senate for each coming academic year.
Immatriculation, that is the enrolment in the study programme is organized according to the Enrollment Regulations of the School, which are being endorsed by the Senate for each coming academic year.
Specific arrangements for recognition of prior learning:
For recognition of non- formal and informal learning there is a legal framework to promote and implement lifelong learning. On January 10, 2012, the Cabinet of Ministers issued “Rules of Procedure for Recognition of Learning outcomes in Prior Learning or professional experience”, Number 36. The procedural documents have been developed by the School and endorsed by the Senate. Lifelong learning activities have been designed to facilitate LLL. Programmes are designed with Learning outcomes which ensures transparency and comparability. ECTS is applied to lifelong learning. General arrangement for the recognition of non- formal and informal learning are explained in the Rules of Procedure for the Recognition of Prior Learning which were endorsed by the Senate in 2012. The document explains the process, the criteria and the recognition.
For recognition of non- formal and informal learning there is a legal framework to promote and implement lifelong learning. On January 10, 2012, the Cabinet of Ministers issued “Rules of Procedure for Recognition of Learning outcomes in Prior Learning or professional experience”, Number 36. The procedural documents have been developed by the School and endorsed by the Senate. Lifelong learning activities have been designed to facilitate LLL. Programmes are designed with Learning outcomes which ensures transparency and comparability. ECTS is applied to lifelong learning. General arrangement for the recognition of non- formal and informal learning are explained in the Rules of Procedure for the Recognition of Prior Learning which were endorsed by the Senate in 2012. The document explains the process, the criteria and the recognition.
Qualification requirements and regulations:
Professional Master’s degree programme “Finances” comply with the strategic goals set out by the government for higher professional education of the 2nd level for Standard of Professions “Financier” (ratified by Regulations No 461 ”Regulations for the classification of occupations, profession, relevant tasks and skills essential and the Classification of Occupations and the use of updating procedures” issued by the cabinet of Ministers of Republic of Latvia on May 18, 2010) setting out the duties, tasks, skills, and abilities to be mastered . In order to obtain the qualification and professional Master’s degree , the student has to fulfil the following programme requirements:
Professional Master’s degree programme “Finances” comply with the strategic goals set out by the government for higher professional education of the 2nd level for Standard of Professions “Financier” (ratified by Regulations No 461 ”Regulations for the classification of occupations, profession, relevant tasks and skills essential and the Classification of Occupations and the use of updating procedures” issued by the cabinet of Ministers of Republic of Latvia on May 18, 2010) setting out the duties, tasks, skills, and abilities to be mastered . In order to obtain the qualification and professional Master’s degree , the student has to fulfil the following programme requirements:
- To acquire course learning outcomes that ensures knowledge on the latest theories and practice in the field
- To acquire research skills, innovation and project skills, course in business administration
- Has to study pedagogy and psychology courses
- Has to do a company placement
- Has to prepare and defend the Master’s degree thesis.
Profile of the programme:
Goal of the programme is to train high level finance professionals according to the demands of professional standard “Financier” for credit institutions, investment and insurance companies, in public and private enterprises, offering a thorough acquisition of a set of theoretical knowledge, scientific research, and practical skills, to ensure scope of knowledge and professional competence to interrogate, analyse, and evaluate the regularities of finance markets and financial processes corresponding to the 2nd level professional education. Within the programme students are encouraged to do research and develop the skills of elaborating a scientific research work, which enables the graduates to continue their studies in doctoral programmes. The study process takes place using the method of the so-called “problem-based learning”, i.e. analysis of problem situations and other study materials, in order to develop skills to apply the theoretical knowledge, discussions, argumentation skills, and the skills of presentation of the theoretical ideas, analyzing research literature and practical problems of the branch. The students study under the guidance of experienced and professional academic staff and acquire 144 ECTS. The students have international study environment. The students are eligible to study under Erasmus exchange programme. They have also the opportunity to study with international academic staff from partner universities.
Goal of the programme is to train high level finance professionals according to the demands of professional standard “Financier” for credit institutions, investment and insurance companies, in public and private enterprises, offering a thorough acquisition of a set of theoretical knowledge, scientific research, and practical skills, to ensure scope of knowledge and professional competence to interrogate, analyse, and evaluate the regularities of finance markets and financial processes corresponding to the 2nd level professional education. Within the programme students are encouraged to do research and develop the skills of elaborating a scientific research work, which enables the graduates to continue their studies in doctoral programmes. The study process takes place using the method of the so-called “problem-based learning”, i.e. analysis of problem situations and other study materials, in order to develop skills to apply the theoretical knowledge, discussions, argumentation skills, and the skills of presentation of the theoretical ideas, analyzing research literature and practical problems of the branch. The students study under the guidance of experienced and professional academic staff and acquire 144 ECTS. The students have international study environment. The students are eligible to study under Erasmus exchange programme. They have also the opportunity to study with international academic staff from partner universities.
Key learning outcomes:
Acquisition of learning outcomes have been set as follows:
Acquisition of learning outcomes have been set as follows:
1. ability to show deep knowledge and understanding about finance processes, interconnections of diverse financial developments, tendencies in the context of globalisation;
2. ability to independently use the latest theories, discoveries, methods, and problem – solving skills in order to carry out research work or highly qualified professional functions;
3. ability to cooperate with employees from different structural units, direct management, and partners, take responsibility for the results and analysis of teams of employees;
4. ability to understand the economic and financial interconnections within an enterprise, ability to prognosticate the factors influencing the financial activities of a company or institution, ability to analyse, evaluate, and optimise the structure of capital in a company, to determine the market value of a company, and elaborate a project to increase the market value of the company;
5. ability to independently improve professional competence and specialization, reinforcing the theoretical knowledge and using the latest, most advanced approaches;
Occupational profiles of graduates with examples:
Graduates are competent to work in banks and companies, public and local government institutions, as well as in private companies as financier, senior or chief accountants, auditors and the Heads of Finance Department.
Graduates are competent to work in banks and companies, public and local government institutions, as well as in private companies as financier, senior or chief accountants, auditors and the Heads of Finance Department.
Access to further studies:
The graduates of Professional Master’s degree programme are eligible for further studies at Doctoral degree programmes.
The graduates of Professional Master’s degree programme are eligible for further studies at Doctoral degree programmes.
Course structure diagram with credits:
| Course | Lecturer | CP | Type of examination | Planning | ||||
| semester | ||||||||
| 1 | 2 | 3 | 4 | 5 | ||||
|
STUDY COURSES PROVIDING ACQUISITION OF KNOWLEDGE IN THE BRANCH IN THEORY AND PRACTICE |
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|
Limited elective Study Courses |
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| Professional specialization study courses | ||||||||
| Field study courses * | 20* | |||||||
|
A.Ziemele B.Pūle |
6* | Examination | 6* | |||||
| Corporate finance | 6* | |||||||
| Part 1. Management accounting | G.Innuse | Examination | 2* | |||||
| Part 2. Financial analysis | I.Mavļutova | Examination | 2* | |||||
| Part 3. Risk Management | T.Mavrenko | Examination | 2* | |||||
| Statistics |
D. Kriķis, J. Hermanis |
2* | Examination | 2* | ||||
| Financial econometrics | A.Spilbergs | 2* | Examination | 2* | ||||
| English for Specific Purpose | S.Kraže | 2* | Examination | 2* | ||||
| Dz.Atstāja | 2* | Examination | 2* | |||||
| Courses in Finance field | 6 | 6 | ||||||
| Bank Management | A.Spilbergs | Examination | 2 | |||||
| Insurance Financial Management | M.Krastiņš | Examination | 2 | |||||
| Perspectives of Latvian National Economy |
J.Strautmanis |
Examination | 2 | |||||
| Investment management | J.Moskaļuks | Examination | 2 | |||||
|
COurses in humanities and social science |
2 | 2 | ||||||
| Creative Thinking | L.Dubkevičs | Examination | 2 | |||||
| Intellectual Property Protection | S.Šreibere | Examination | 2 | |||||
| Intercultural Communication | S.Kraže | Examination | 2 | |||||
| Corporate Social Responsibility | J.Strautmanis | Examination | 2 | |||||
| Sustainable Leadership | B.Baltača | Examination | 2 | |||||
|
Compulsory Field study courses |
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| Financial Management for a Company | ||||||||
| Part I Financial accounting and analysis | G.Innuse | 2 | Examination | 2 | ||||
| Part II Financial management | T.Mavrenko | 4 | Examination | 4 | ||||
| Financial Markets | ||||||||
| Part I Financial Markets | A.Fomins | 2 | Examination | 2 | ||||
| Part II Forecasting and Modelling | G.Petere, J.Hermanis | 4 | Examination | 4 | ||||
| Part III Investment Funds | A.Spilbergs | 2 | Examination | 2 | ||||
| Public Sector Finance | ||||||||
| Part I Economics and finance in the public sector | K.Ketners | 2 | Examination | 2 | ||||
| Part II Tax policy in European environment | K.Ketners | 2 | Examination | 2 | ||||
| RESEARCH, CREATIVE, DESIGN WORK AND MANAGEMENT COURSES | ||||||||
| Sustainable Organization Management | ||||||||
| Part I Strategic Management | T.Volkova | 2 | Examination | 2 | ||||
| Part II Strategic financial management | I.Mavļutova | 2 | Examination | 2 | ||||
| Part III Project management and financing | E.Pudzis | 2 | Examination | 2 | ||||
| Research Methods in Business | J.Strautmanis | 2 | Examination | 2 | ||||
| WORK PLACEMENT | ||||||||
| Work placement | Career Centre | 6 | Defence | 6 | ||||
| Work placement | Career Centre | 20 | Defence | 20* | ||||
| State Examination | ||||||||
| Master’s thesis | Supervisor | 20 | Defence | 20 | 20* | |||
| Total: | 20* | 20 | 20 | 20 | 20* | |||
Note: ¹ – refers to the requirement for students who hold academic Bachelor’s degree.
Examination regulations, assessment and grading:
The assessment of students is in accordance with the requirements of “Study Ordinance”.
The assessment of students is in accordance with the requirements of “Study Ordinance”.
Graduation requirements:
Acquisition of 144 ECTS including a company placement and a preparation and defence of the Master’s paper.
Acquisition of 144 ECTS including a company placement and a preparation and defence of the Master’s paper.
Mode of study:
Lectures are planned 2 or 3 times a week on Week days in the evenings. 1,5 years for those holding a Professional Bachelor’s degree and 2,5 years for those holding academic Bachelor’s degree.
Programme director or equivalent:
Laima Čable. Phone: +37126403227
, E-mail: laima.cable@ba.lv
, E-mail: laima.cable@ba.lv