PROFESSIONAL knowledge:
At the concept level:
1. Basic principles of the structure of the annual report.
At the comprehension level:
1. Basic principles of the organisation of the accounting of the company.
2. Assessment of economic transactions.
3. Types of business transactions.
4. Criteria for the recognition of costs.
5. Principles of determining the stock purchase costs.
6. Types of debtors. Types of debts.
7. Principles of recording the movement of trade receivables.
8. Criteria for the recognition of deferred charges.
9. Criteria for the recognition of revenue.
10. Criteria for the recognition of long-term investments.
11. Specific features of representing the changes of long-term investments.
12. Criteria for the recognition of intangible assets.
13. Criteria for the recognition of leased fixed assets.
14. Criteria for the recognition of fixed assets. Principles of recording the movement of fixed assets.
15. Types of long-term financial loans.
16. Basic conditions for the establishment of a company and its registration documents.
17. Composition of equity capital.
18. Organisation and structure of a company.
19. Criteria for the recognition of long-term borrowings.
20. Criteria for the recognition of short-term borrowings.
21. Principles of recording the movement of trade payables.
22. Types and rates of taxes.
23. Accounting of fixed assets.
24. Rules for the preparation of the inventory list.
25. Measuring instruments.
26. Recognition of monetary units.
27. Oversight of business transactions. Economic substance of off-balance sheet accounts.
28. Identification of tax period revenue from the revenue pertaining to future periods.
29. Criteria for the recognition of revenue.
30. Criteria for the recognition of costs. Identification of tax period revenue from the revenue pertaining to future periods.
31. Relations between the balance sheet and operation accounts.
32. Composition of the profit and loss statement.
33. Relations between synthetic and analytic accounts.
34. Essence of synthetic accounts.
35. Essence of analytic accounts.
36. Types of direct and indirect taxes. Types of tax statements.
37. Principles of calculating the depreciation of fixed assets.
38. Content of the information of accounting registers.
39. Basic principles of the structure of the balance sheet. Correlations between accountancy and balance sheet accounts.
40. Elements and qualitative indicators of financial statements.
At the application level:
1. Laws and regulations of the Republic of Latvia regarding accounting.
2. Types of accounting registers. Principles of registering the received and issued documents in chronological registers and accounts.
3. Basic principles of filling in the registers of accounting items.
4. System of accountancy accounts. Principles of processing supporting documents.
5. Special computer programs.
6. Drawing up of cash documents.
7. Principles of verifying the validity of information contained in supporting documents. Requirements for drawing up advance payment documents.
8. Requirements for filling in a cash order.
9. Types of taxes.
10. Documentation for the registration of cash movement and requirements for filling in the documentation.
11. Principles of auditing the financial report of an electronic cash register or a cash system.
12. Principles of verifying the compliance of a bank account statement with source documents.
13. Payment control methods.
14. Stock accounting and assessment methods.
15. Recording of stocks in accountancy accounts.
16. Methods of documenting the transfer of stocks.
17. Development of stock nomenclature. Principles of stock price formation.
18. Criteria for incurring of receivables. Types of statements of analytic accounts of receivables.
19. Recording of the movement of debtors in accountancy accounts. Development of analytic statements of debtors.
20. Methods of determining the unsafe (doubtful) debtors.
21. Methods and types of documentation for writing off costs.
22. Recording of the movement of deferred charges.
23. Registration of the accrued revenue in accounting registers. Principles of recording the movement of the accrued revenue.
24. Reports of cash registers and systems. Cash and non-cash accounting principles.
25. Cash and non-cash recording principles.
26. Preparation of the documentation of intangible assets.
27. Methods and principles of calculating the depreciation rate.
28. Principles of registering and recording intangible assets.
29. Taxes and duties.
30. Registration of the input costs of leased assets.
31. Documentation for the depreciation of input costs.
32. Methods of calculating the depreciation of fixed assets.
33. Methods and principles of preparing the documentation of an item of fixed assets. Documentation for the revaluation of fixed assets.
34. Principles of preparing financial loan statements.
35. Principles of recording financial loans.
36. Methods of accounting long-term financial loans.
37. Document management.
38. Recording of the increase or decrease of the fixed capital. Recording of reserves.
39. Profit distribution principles and methods.
40. Use of public databases.
41. Making of entries.
42. Procedure for the registration and recording of long-term borrowings. Methods of preparing statements of analytic accounts.
43. Methods of reconciling and controlling liabilities.
44. Recognition of creditors by their economic substance.
45. Creditor registers.
46. Recording of short-term borrowings.
47. Criteria for the recognition of criteria. Types of statements of analytic accounts of trade payables.
48. Classification of creditors by their economic substance.
49. Keeping of creditor registers. Recording of trade payables. Verification of the information, specified in reconciliation statements of creditors, in creditor registers.
50. Principles of calculating the work remuneration. Calculation of labour taxes.
51. Preparation of statements of the calculated work remuneration.
52. Recording of payments of work remuneration and budgets.
53. Creation of tables for the accounting of working hours.
54. Creation of a salary list. Creation of a list of advances. Recording of the calculated work remuneration.
55. Recording of the calculated and withheld taxes.
56. Methods of conducting an inventory. Course of the inventory of fixed assets and stocks, and the established requirements.
57. Creation of an inventory list. Plan of the inventory of fixed assets and stocks.
58. Recording of the outcome of the inventory of fixed assets and stocks.
59. Principles of developing a plan of the inventory of receivables.
60. Techniques for conducting the inventory of receivables.
61. Creation of provision for doubtful receivables. Writing off bad receivables. Preparation of reconciliation statements.
62. Recording of the outcomes of the inventory of debtors.
63. Rules for the inventory of creditors. Recording of the outcomes of the inventory of creditors.
64. Representation of the outcomes of the inventory of the accounts payable in reconciliation statements.
65. Clarification of the differences between the accounts payable occurred as a result of the inventory. Criteria and procedure for writing off bad accounts payable.
66. Types of cash currencies.
67. Accounting of cash operations.
68. Evaluation of the outcomes of an inventory. Conditions of the instruction and rules of procedure for cash inventory. Representation of the outcomes of the performed cash inventory in inventory lists and reconciliation lists. Recording of the outcomes of cash inventory.
69. Types of registers of off-balance sheet accounts. Course and instructions of conducting the inventory of off-balance sheet accounts. Plan of conducting the inventory of off-balance sheet accounts.
70. Representation of the outcomes of the inventory of off-balance sheet accounts in inventory lists and reconciliation lists.
71. Recording of the outcomes of the inventory of off-balance sheet accounts.
72. Classification of revenue by its economic substance.
73. Recording of revenue according to its economic substance.
74. Preparation of registers of revenue.
75. Classification of costs according to the types of costs.
76. Recording of costs in the corresponding accountancy accounts.
77. Preparation of registers of costs. Recording in the corresponding accountancy accounts.
78. System of operation accounts.
79. Sequence of closing accounts.
80. Performance of procedures for closing operation accounts.
81. Preparation of statements of analytic accounts of costs.
82. Preparation of statements of analytic accounts of revenue.
83. Methodology for the calculation of the remaining amount (balance) of synthetic and analytic accounts.
84. Performance of tax calculations.
85. Special procedure of VAT application.
86. Statements of the movement of fixed assets.
87. Types of fixed assets.
88. Performance of the calculation of depreciation.
89. Principles of developing financial reports.
GENERAL knowledge:
At the concept level:
1. Legal relationship.
2. Laws and regulations regarding communication technologies.
3. Diversity of social relations. Social and political structure of society.
4. Basic principles of economics and economic processes.
5. Types of commercial activity.
6. Essence of marketing process.
At the comprehension level:
1. Laws and regulations regarding labour protection, electrical safety, and environmental protection.
2. Basic ergonomic requirements.
3. Health risk factors.
4. Human health as a precondition for life quality.
5. Essence of sustainable development.
6. Rights, obligations, and liability of an individual.
7. Vocabulary.
8. Grammar and language functions. Types of verbal and non-verbal interaction. Language styles and characteristics of intonation. Diversity of language and communication in different contexts.
9. Operating principles of computer and office equipment.
10. Principles of promoting cooperation.
11. Formation of a team. Settling of conflicts.
12. Role of the business plan in the business activity.
13. Professional career development and its importance.
At the application level:
1. Preventive measures to assess work environment risk factors.
2. Safe working techniques.
3. Action in an emergency.
4. Provision of first aid.
5. Legal provisions of labour rights.
6. Internal procedure regulations.
7. Occupational hygiene and culture.
8. Official language.
9. Foreign languages.
10. Intercultural interaction.
11. Mathematical methods and instruments.
12. Basic principles of creating formulas.
13. Application software in preparation of documents.
14. Work with office equipment. Computer security programs. Information systems security.
15. Effective interaction and cooperation techniques. Stress management.
16. Signs of conflicts and methods for their resolution. Standards of general and professional ethics.
17. Planning of work sequence.
18. Time planning techniques.
19. Learning strategies.
20. Self-assessment principles.

PROFESSIONAL skills:
1. To identify the particulars specified in the legislation.
2. To verify the validity of the data of counterparties.
3. To verify the compliance of the taxes specified in the document with the nature of the transaction.
4. To verify the compliance of the information contained in documents with the requirements of laws and regulations.
5. To classify the type of transaction specified in the document.
6. To verify the status of the document.
7. To fill in the registers of accounting items in accordance with their specificity.
8. To use special computer programs.
9. To identify the type of the supporting document.
10. To determine the transaction specified in the supporting document by its nature.
11. To verify the compliance of the information contained in supporting documents with the requirements of laws and regulations.
12. To verify the validity of the data of counterparties.
13. To draw up advance payment documentation.
14. To prepare cash orders with the required particulars.
15. To specify the taxes relevant to the transaction.
16. To fill in the documents for the registration of cash movement.
17. To fill in strict accounting transaction receipts.
18. To check the financial report of an electronic cash register or a cash system.
19. To prepare payment orders with the relevant particulars.
20. To verify the compliance of the information contained in the bank account statement with source documents, specifying the payment control.
21. To prepare non-cash advance payment documents.
22. To process the documentation of the incoming and outgoing stocks.
23. To register stocks in physical and monetary units.
24. To fill in stock sale documents in physical and monetary units.
25. To fill in documents for the transfer of stocks of internal importance.
26. To fill in documents for the write-off of stocks.
27. To prepare stock nomenclature lists.
28. To create and supplement a stock price catalogue.
29. To create and supplement a price discount catalogue.
30. To record the movement of stocks in accountancy accounts.
31. To register trade receivables in accounting registers.
32. To record the movement of trade receivables in accountancy accounts.
33. To prepare statements of analytic accounts of receivables.
34. To determine the amount of unsafe (doubtful) debtors.
35. To control the compliance with the debt repayment schedule.
36. To register the receivables from related undertakings.
37. To register the receivables from associated undertakings.
38. To register the short-term receivables from shareholders, members, and the management.
39. To record the movement of debtors in accountancy accounts.
40. To prepare statements of analytic accounts of receivables.
41. To control the compliance with the debt repayment schedule.
42. To identify the deferred charges.
43. To prepare statements of analytic accounts by the types of costs.
44. To prepare the documentation for the depreciation of costs.
45. To record the movement of deferred charges.
46. To identify the accrued revenue.
47. To register the accrued revenue in accounting registers.
48. To control the schedule of the payment of the accrued revenue.
49. To record the movement of the accrued revenue.
50. To register the cash and non-cash movement in accounting registers.
51. To record the cash and non-cash movement.
52. To prepare statements on the use of cash or non-cash advances.
53. To make an entry of the financial report of an electronic cash register or a cash system.
54. To identify intangible assets.
55. To identify fixed assets.
56. To identify long-term financial investments.
57. To identify intangible assets by their types.
58. To prepare statements of the acceptance and depreciation of intangible assets.
59. To register intangible assets in accounting registers.
60. To prepare the documentation of each intangible asset.
61. To calculate depreciation rates during the reporting period.
62. To record operations related to intangible assets.
63. To identify the leased fixed assets.
64. To register the input costs of leased assets.
65. To prepare the documentation on the depreciation of input costs.
66. To prepare the documentation of each item of fixed assets.
67. To prepare statements of the acceptance and depreciation of fixed assets.
68. To calculate depreciation rates during the reporting period.
69. To prepare the documentation for the revaluation of fixed assets.
70. To record the movement of fixed assets.
71. To register loans to shareholders, members, and the management.
72. To prepare statements on the amounts of the given loans by occupation groups.
73. To register loans to related and associated undertakings.
74. To prepare statements on loan repayment deadlines and the set interest.
75. To control the compliance with the repayment schedule.
76. To record the movement of loans.
77. To register the fixed capital of the company in accounting registers.
78. To keep a register of stock certificates.
79. To record the increase or decrease of the fixed capital.
80. To record reserves.
81. To record the profit distribution.
82. To register long-term borrowings in accounting registers.
83. To record the movement of long-term borrowings in accountancy accounts.
84. To prepare statements of analytic accounts of long-term borrowings.
85. To verify the compliance of liability reconciliation statements with the information contained in the accounting register.
86. To control the compliance with the schedule for the repayment of liabilities.
87. To register trade liabilities in accounting registers.
88. To record the movement of liabilities in accountancy accounts.
89. To prepare statements of analytic accounts of suppliers and contractors.
90. To verify the compliance of liability reconciliation statements with the information contained in the accounting register.
91. To control the compliance with the schedule for the repayment of liabilities.
92. To calculate the work remuneration.
93. To withhold employee’s taxes.
94. To calculate the compulsory social security contributions (CSSC) of the employer.
95. To prepare summaries (statements) of the calculation of the work remuneration.
96. To use documentation for the accounting of the working hours.
97. To record the calculated work remuneration.
98. To record the taxes related to the work remuneration.
99. To independently prepare inventory lists of fixed assets by categories.
100. To conduct the inventory of fixed assets in physical units.
101. To reconcile the inventory outcomes with the data contained in accounting registers.
102. To prepare stock inventory lists.
103. To conduct the inventory of stocks in physical units.
104. To compare the inventory outcomes with the data contained in accounting registers.
105. To prepare inventory lists of receivables.
106. To conduct the inventory of receivables.
107. To compare the debtor inventory outcomes with the data contained in accounting registers.
108. To prepare statements on the reconciliation of receivables.
109. To prepare inventory lists of accounts payable.
110. To conduct the inventory of accounts payable.
111. To compare the outcomes of the inventory of accounts payable with the data contained in accounting registers.
112. To prepare inventory lists of funds.
113. To conduct the inventory of funds by types of currency.
114. To register the number of banknotes by nominal values.
115. To compare the cash inventory outcomes with the data contained in accounting registers.
116. To prepare inventory lists of off-balance sheet accounts.
117. To register the outcomes of the inventory of off-balance sheet accounts.
118. To compare the outcomes of the inventory of off-balance sheet accounts with the data contained in accounting registers.
119. To identify operating revenue.
120. To classify revenue by its types.
121. To identify other types of revenue.
122. To identify operating costs by their economic substance.
123. To classify costs by their types.
124. To identify other types of costs.
125. To record revenue.
126. To record costs.
127. To prepare statements on the economic performance.
128. To close operation accounts.
129. To prepare statements of analytic accounts by the types of revenue.
130. To prepare statements of analytic accounts by the types of costs.
131. To create work tables.
132. To calculate account balances.
133. To prepare accounting statements.
134. To prepare tax statements by the types of taxes.
135. To work with large amounts of data.
136. To use the individual documentation of an item of fixed assets.
137. To use the statements of the acceptance and depreciation of fixed assets.
138. To summarise the amounts of the calculated depreciation during the reporting period.
139. To fill in the form of the statement of the movement of fixed assets.
140. To search for the necessary information in accounting registers.
141. To prepare different financial reports (statements).
142. To process the information specified in balance sheet and operation accounts.
143. To cooperate with the colleagues and the management.
GENERAL skills:
1. To assess the impact of occupational risk factors on health.
2. To organise own workplace and work in accordance with labour protection and occupational safety requirements.
3. To comply with the laws and regulations regarding environmental protection.
4. To comply with fire safety regulations.
5. To act in an emergency.
6. To provide first aid.
7. To apply the Labour Law and other laws and regulations regarding employment legal relationship.
8. To respect the duties and rights of the employer and the employee.
9. To comply with the internal procedure regulations.
10. To inform the direct manager about the outcomes achieved.
11. To implement the internal procedure of the company/organisation.
12. To comply with occupational hygiene requirements.
13. To observe confidentiality.
14. To communicate in the official language.
15. To use professional terminology in the official language.
16. To communicate in at least two foreign languages both orally and in writing.
17. To use professional terminology in at least two foreign languages.
18. To apply the basic mathematical principles and techniques.
19. To model the progress of resolving a financial task.
20. To create formulas for the analysis of accounting data.
21. To use computer and office equipment.
22. To prepare accounting documents, using application software.
23. To independently find the necessary information in internet resources and data carriers.
24. To communicate by using communication technologies.
25. To systematically work with large amounts of information.
26. To comply with IT security and personal data protection requirements.
27. To cooperate in a team, being aware of own responsibility when performing joint work.
28. To comply with the principles of general and professional ethics.
29. To think critically and creatively.
30. To identify the causes of stress.
31. To resolve conflict situations.
32. To become personally involved in the generation of new ideas, taking the initiative.
33. To use resources rationally.
34. To plan own time rationally, setting priorities.
35. To assess economic risks.
36. To evaluate own professional experience and options for the development of own career.
37. To take part in upskilling activities.
38. To keep up with the current events and changes in the sectoral laws and regulations.

PROFESSIONAL competences:
1. Ability to responsibly work with documents certifying a transaction, verifying their compliance with the requirements of laws and regulations.
2. Ability to responsibly register the received and issued business transaction documents in chronological and synthetic accounting registers and accounts in monetary units, using special computer programs.
3. Ability to independently register the flow of supporting documents in business transaction systems.
4. Ability to accurately prepare and process cash and non-cash documents in compliance with the requirements of laws and regulations.
5. Ability to account and record the movement of stocks in accountancy accounts, creating the stock nomenclature.
6. Ability to responsibly account debtors and receivables, analysing and determining the amount of unsafe (doubtful) debtors.
7. Ability to account the deferred charges and prepare the statement of analytic accounts by the types of costs.
8. Ability to account the accrued revenue, control the schedule of the payment of the accrued revenue, and record them, applying the double-entry accounting system.
9. Ability to account funds, record cash and non-cash movement, and prepare statements on the use of cash or non-cash advances.
10. Ability to classify long-term investments by their nature.
11. Ability to account intangible assets, preparing the documentation of an intangible asset.
12. Ability to account long-term investments in the leased fixed assets and prepare the documentation on the depreciation of input costs.
13. Ability to account fixed assets and record the movement of fixed assets.
14. Ability to record financial loans, controlling the compliance with the repayment schedule, and record the movement of loans.
15. Ability to independently account the equity capital in accounting registers.
16. Ability to account long-term and short-term borrowings.
17. Ability to account trade payables.
18. Ability to independently calculate the work remuneration and the relevant taxes, preparing the required statements and recording them.
19. Ability to independently prepare inventory lists of fixed assets and stocks, and conduct their inventory by categories.
20. Ability to prepare inventory lists of debtors and creditors and conduct their documentary inventory, analysing the provisions of counterparty agreements.
21. Ability to prepare inventory lists of funds and conduct the inventory of funds in different currencies.
22. Ability to conduct the inventory of off-balance sheet accounts, reconciling the outcomes of the inventory of off-balance sheet accounts with the data contained in accounting registers.
23. Ability to register the revenue and costs, classified by types, in operation accounts.
24. Ability to calculate the economic performance, prepare the respective statements, and close operation accounts.
25. Ability to prepare statements on the turnover of revenue and cost accounts.
26. Ability to prepare the statement of the turnover of synthetic and analytic accounts, using the information contained in accounting registers.
27. Ability to prepare tax statements by the types of taxes.
28. Ability to prepare the statements of the movement of fixed assets, summarising the amounts of the calculated depreciation during the reporting period, and document them.
29. Ability to prepare different statements of financial information for the management of the company, using the information contained in accounting registers.
30. Ability to responsibly and accurately prepare company’s financial statement consisting of the balance sheet, profit and loss statement, and annex to the financial statement, using the information contained in balance sheet and operation accounts.
GENERAL competences:
1. Ability to organise the workplace and work in compliance with labour protection and environmental protection regulations.
2. Ability to act in an emergency and provide first aid.
3. Ability to carry out work tasks in compliance with the requirements regarding employment legal relationship and respecting confidentiality.
4. Ability to express and interpret concepts, thoughts, facts, and opinion in the official language both orally and in writing.
5. Ability to communicate and use professional terminology in at least two foreign languages.
6. Ability to apply mathematical thinking while modelling work situations and planning the performance of a work task.
7. Ability to confidently and safely use information and communication technologies to complete a work task.
8. Ability to effectively cooperate in a team, following the standards of general and professional ethics.
9. Ability to resolve conflict situations flexibly.
10. Ability to generate new ideas for effective performance of work.
11. Ability to plan and take decisions while making own professional career.