Professional knowledge
At the concept level:
1. Basic conditions for establishing a company and registration documents.
2. Company organisation and structure.
3. Laws and regulations governing the legal basis of the economic activity.
At the comprehension level:
1. Fundamental principles of organising the company’s accounting.
2. Secure electronic signature.
3. Types of accounting registers.
4. Principles of registering received and issued documents in chronological registers and accounts.
5. Principles of processing source documents.
6. Economic nature of transactions.
7. Types of business transactions.
8. Requirements for filling out cash orders.
9. Principles of verifying the financial report of an electronic cash register or cash system.
10. Criteria for the cost recognition.
11. Criteria for suspicious and unusual transactions.
12. Principles of stock recognition.
13. Principles of creating the stock nomenclature.
14. Principles of stock pricing.
15. Classification of long-term investments held for sales.
16. Criteria for the recognition of the leased fixed assets.
17. Types of long-term financial investments.
18. Composition of the equity capital.
19. Principles and methods of profit distribution.
20. Criteria for the recognition of borrowings.
21. Registers of borrowings.
22. Principles of recording the movement of debts to suppliers and contractors.
23. Types of analytical accounts.
24. Types of taxes and tax rates.
25. Principles of creating timesheets.
26. Sector-specific regulatory requirements.
27. Criteria for the recognition of the deferred revenue.
28. Principles of calculating the dividends.
29. Types of accrued liabilities.
30. Indicators for identifying the types of accrued liabilities.
31. Principles of the analytical and financial accounting of assets.
32. Types of cash currencies.
33. Instructions for the inventory of inventory items.
34. Rules for preparing inventory lists.
35. Principles of using measuring instruments.
36. Methods for conducting an inventory.
37. Procedure and requirements for the inventory of inventory items.
38. Principles of developing an account inventory plan. Principles of account inventory.
39. Nature of synthetic accounts.
40. Nature of analytical accounts.
41. Methodology for calculating account balances (resulting balance).
42. Nature of corrective entries.
43. Principles of creating a ledger.
44. Criteria for the recognition of revenue and expenditures.
45. Statistical Classification of Economic Activities (NACE classification).
46. Relationship between the balance sheet and transaction accounts.
47. Requirements for drawing up the annual report.
48. Categories of companies.
49. Criteria for the information to be disclosed.
50. Relationship between financial statement items and financial accounts.
51. Content of the information contained in accounting registers.
52. Principles of drawing up financial reports.
53. Accounting of self-employed persons and individual merchants.
54. Classification of revenue and expenditures.
55. Principles of the classification and accounting of the fixed assets in single-entry book-keeping.
56. Registers of fixed assets, stock, debtors, and creditors.
57. Principles of the EDS of the SRS.
58. Tax declaration.
59. Principles of expenditure assignment.
60. Principles of drawing up a financial report for different legal forms.
At the application level:
1. Laws and regulations of the Republic of Latvia and European Union in the field of accounting and taxes.
2. Tax and fee system.
3. Details of source documents and tax invoices.
4. Databases of various registers.
5. Fundamental principles of filling out registers of accounting items.
6. Book-keeping accounting system.
7. Fundamental principles of software and analytical accounting programs used for book-keeping.
8. Principles of verifying the conformity of information contained in source documents.
9. Requirements for drawing up advance payment documents.
10. Calculation of currency exchange rate fluctuations.
11. Drawing up of cash documents.
12. Documentation for the registration of cash movement and completion thereof.
13. Declaration of cash transactions.
14. Principles of reviewing bank account statements.
15. Monitoring of payments.
16. Determining of stock acquisition costs.
17. Methods for recording and evaluating the stock and determining the prime cost.
18. Recording of the stock in book-keeping accounts.
19. Procedures for documenting the stock movement.
20. Registration of the costs invested in the leased fixed assets.
21. Write-off of the investment costs.
22. Recording of the costs invested in the leased fixed assets.
23. Preparation of financial loan reports.
24. Recording of long-term financial investments and financial loans.
25. Methods of accounting long-term financial investments and financial loans.
26. Document management.
27. Recording of changes in the fixed capital.
28. Recording of the reserves.
29. Use of public databases.
30. Classification of borrowings by their economic nature and repayment deadlines.
31. Procedures for registering and recording borrowings.
32. Methods for preparing analytical account reports.
33. Methods for comparing and monitoring liabilities.
34. Criteria for the recognition of debts to suppliers and contractors.
35. Calculation of the work remuneration.
36. Calculation of labour taxes.
37. Preparation of reports on the calculated work remuneration.
38. Recording of work remuneration calculations.
39. Recording of payments for work remunerations and budgets (taxes).
40. Preparation of a payroll.
41. Preparation of advance payment lists.
42. Tax calculation based on the nature of transaction and type of economic activity.
43. Financial accounting of transactions and taxes.
44. Application of the regulatory framework for taxes.
45. Recording of the movement of the deferred revenue.
46. Reclassification of the deferred revenue.
47. Recording of dividends.
48. Keeping of dividend registers.
49. Calculation of accrued liabilities.
50. Reclassification of accrued liabilities.
51. Preparation of inventory lists.
52. Preparation of reconciliation lists.
53. Evaluation of inventory results.
54. Recording of the asset inventory and the calculated results.
55. Criteria and procedures for writing off of uncollectible accounts payable.
56. Write-off of uncollectible accounts receivable.
57. Preparation of reconciliation statements.
58. Clarification of differences in accounts payable arising from the inventory.
59. Recording of payment reconciliation results.
60. Calculation of account balances.
61. Recording of the adjustments of account balances.
62. Creation of ledgers.
63. Classification of the revenue, expenditures, and costs by their economic nature.
64. Recording of the revenue, expenditures, and costs.
65. Preparation of registers of the revenue, expenditures, and costs.
66. Closing of accounts.
67. Preparation of a balance sheet.
68. Preparation of a profit and loss calculation.
69. Preparation of a report on revenue and expenditures.
70. Preparation of the annual report.
71. Preparation of company’s management reports.
72. Laws and regulations governing the accounting.
73. Expenditure assignment.
74. Recording of transactions based on the cash flow principle.
75. Determination of the initial value of fixed assets.
76. Creation of inventory cards for fixed assets.
77. Calculation of the depreciation of fixed assets.
78. Creation of registers.
79. Tax calculation.
80. Use of software.
81. Determination of the amount of adjustable expenditures.
82. Allocation of value changes of stock balances.
83. Preparation of the annual tax declaration.
General knowledge
At the concept level:
1. Verbal and non-verbal communication.
2. Organisation of the labour protection system.
3. Civil defence system.
4. Environmental protection system.
5. Employment relationship.
6. Provisions laid down in the Constitution of the Republic of Latvia in the context of law-governed and civil society.
7. Social, economic, legal, and political concepts and structure.
At the comprehension level:
1. Specificity of verbal and non-verbal communication in a multicultural environment.
2. Laws and regulations in the field of information and communication technologies. Digital environment, risks and threats in the digital environment.
3. Digital identity.
4. Data protection.
5. Protection of intellectual property.
6. Principles of assessing work environment risks.
7. Preventive measures for preventing work environment risks.
8. Determinant factors of the effect of electric current.
9. Civil defence regulations.
10. Evacuation plans.
11. Criteria for sustainable development.
12. Basic principles of rational and sustainable utilisation of resources.
13. Sustainable development strategy of Latvia.
14. Principles of ‘green thinking’.
15. Basic principles of circular economy.
16. Labour law system and its fundamental principles.
17. Nature of social dialogue and cooperation mechanisms.
18. Basic principles of project management.
19. Communication culture.
20. General and professional ethics.
21. Work in a team.
22. Conflicts and their solutions.
23. Business forms.
24. Financial literacy.
25. Problem-solving strategies and approaches for modelling them.
26. Units and formulas of characteristics.
27. Mathematical methods and tools.
28. Basic principles of statistics and data processing methods.
29. Multiplication of knowledge.
30. Current developments in the specific field.
31. Research methodology.
At the application level:
1. Extensive and appropriate vocabulary.
2. Professional terminology in the official language.
3. Functional grammar.
4. Business writing.
5. Oral and written language culture.
6. Art of effective presentation management.
7. Critical thinking and creation of a constructive dialogue.
8. Professional terminology in a foreign language.
9. Principles of intercultural communication in a multicultural environment.
10. Software in conformity with the work task.
11. Digital tools and technologies.
12. Means of digital communication.
13. Instructions for computer systems.
14. Security of information and communication systems.
15. Data security.
16. Computer security programs.
17. Procedures for the provision of first aid.
18. Electrical safety requirements.
19. Workplace hazard pictograms and warning labels.
20. General requirements for action upon occurrence of an occupational accident.
21. Action upon occurrence of work environment risks.
22. Preventive measures for labour protection.
23. Criteria for safe and healthy work environment.
24. Regulatory framework for an emergency situation and a state of emergency.
25. Fire safety and fire-fighting engineering systems and equipment, their use.
26. Fire safety instruction.
27. Regulatory documents regulating civil defence, their requirements.
28. Response to emergency situations.
29. Environmental protection regulations.
30. Self-organisation.
31. Organisational structure.
32. Mechanisms for solving problems, solutions for their prevention.
33. Argumentation skills.
34. Reading of laws and regulations.
35. Nature, types, and content of the employment contract and collective agreement.
36. Efficient organisation of time resources.
37. Work organisation.
38. Digital solutions for the improvement of work efficiency.
39. Ways of presenting information.
40. Self-assessment mechanisms.
41. Planning and decision-making methods.
42. Communication theories and cooperation principles.
43. Mathematical terminology within the scope of the profession.
44. Interpretation of the results of mathematical calculations.
45. Data representation methods.
46. Research methods.
47. Self-assessment mechanisms.
48. Planning of professional career development and lifelong learning.
49. Learning strategies.
50. Basic principles of the management of time resources.

Professional skills and attitudes
1. To prepare paper-based source documents and goods delivery documents.
2. To prepare electronic source documents and goods delivery documents.
3. To draw up derivatives of paper-based sources documents and goods delivery documents, and certify their correctness.
4. To identify the requisites specified in laws and regulations.
5. To verify the conformity of the transaction partner data.
6. To assess the relevance of the taxes indicated in the document to the nature of the transaction.
7. To assess the relevance of the transaction indicated in the document to the economic activity of the company.
8. To assess the conformity of the information contained in the document with the requirements of laws and regulations.
9. To group the documents depending on their economic nature.
10. To use book-keeping and analytic accounting software.
11. To use online channels of data exchange.
12. To identify the type of cash expenditure source document.
13. To determine the economic nature of the transactions indicated in the source document.
14. To assess the conformity of the information contained in the source document with the requirements of laws and regulations.
15. To verify the conformity of the transaction partner data.
16. To develop advance payment documentation.
17. To identify the type of summary report.
18. To prepare cash documents, including cash orders, strict accounting transaction receipts with the required requisites and relevant taxes.
19. To prepare cash documents, including accounting registers and reports.
20. To declare the cash transactions in the Electronic Declaration System (EDS) of the State Revenue Service (SRS).
21. To cash expenditure reports on cash transactions.
22. To verify the financial report of an electronic cash register or cash system.
23. To record cash documents in the ledger.
24. To prepare payment orders with the required requisites.
25. To verify the bank account statement and nature of transaction.
26. To identify the signs of unusual and suspicious transactions within the scope of own competence.
27. To provide information on the detected unusual and suspicious transactions within the scope of laws and regulations.
28. To use other payment systems or payment platforms.
29. To record non-cash documents in the ledger.
30. To process the incoming and outgoing stock accounting documentation.
31. To recognise the stock.
32. To evaluate the stock.
33. To record the stock in natural units and monetary terms.
34. To complete the stock sales documents in natural units and monetary terms.
35. To complete the internal stock movement documents.
36. To complete stock write-off documents.
37. To prepare stock nomenclature lists.
38. To record the stock movement in book-keeping accounts.
39. To record slow-moving stock.
40. To assess and record long-term investments held for sale.
41. To classify the biological assets as long-term and short-term assets.
42. To process the incoming and outgoing documentation.
43. To record animals and plants in natural units and monetary terms.
44. To complete the animal and plant sales documents in natural units and monetary terms.
45. To complete internal animal and plant movement documents.
46. To complete animal and plant movement write-off documents.
47. To perform the assessment of animals and plants by using assessment methods.
48. To record changes in animals and plants in book-keeping accounts.
49. To evaluate the obtained agricultural produce.
50. To record the agricultural produce in the planned and actual costs.
51. To record the acquisition and utilisation of agricultural produce in natural units and monetary terms.
52. To record the acquisition and utilisation of agricultural produce in book-keeping accounts.
53. To assess the renewable energy resources.
54. To record the raw materials of renewable energy resources.
55. To record the acquisition of renewable resources in natural units and monetary terms.
56. To assess the reusable residues of the manufacturing process in natural units and monetary terms.
57. To record the reusable residues of the manufacturing process in natural units and monetary terms.
58. To record the renewable energy resources, their raw materials and reusable residues of the manufacturing process in book-keeping accounts.
59. To evaluate the solvency of clients based on the information available in the public registers.
60. To record debts and debt movement in book-keeping accounts.
61. To prepare a statement of the analytical accounts of debts.
62. To determine the amount of doubtful and bad debts.
63. To monitor the compliance with the debt repayment schedule.
64. To calculate and record currency exchange rate fluctuations.
65. To compare mutual settlements – debt balance at the end of period and turnover of the reporting period.
66. To group other debts depending on their economic nature.
67. To record other short-term debts.
68. To record the movement of other debtors in book-keeping accounts.
69. To monitor the compliance with the repayment schedule for receivables.
70. To prepare a statement of the analytical accounts of receivables.
71. To compare mutual settlements – balance of receivables at the end of period and turnover of the reporting period.
72. To identify the recipients of advance payments.
73. To register documents related to the use of cash and non-cash advance in summary statements on the recipients of advance payments.
74. To record documents related to the use of cash and non-cash advance in summary statements on the recipients of advance payments.
75. To monitor the balance and repayment term of amounts issued as advance payments.
76. To prepare a statement of the analytical accounts of advance payments.
77. To identify the prepaid expenses.
78. To prepare a statement of the analytical accounts depending on the types of expenditure and recipients.
79. To prepare the expense reclassification documentation in accordance with the company’s accounting policy.
80. To record the movement of prepaid expenses.
81. To reclassify the prepaid expenses.
82. To identify the accrued revenue.
83. To record the accrued revenue in accounting registers.
84. To record the movement of the accrued revenue.
85. To reclassify the accrued revenue.
86. To identify the short-term financial investments.
87. To record the short-term financial investments.
88. To evaluate the short-term financial investments.
89. To record the movement of short-term financial investments.
90. To register the revenue and expenditures from the sales of short-term financial investments.
91. To identify funds depending on the payment method.
92. To calculate and record currency exchange rate fluctuations.
93. To record the cash movement.
94. To prepare cash accounting registers.
95. To analyse and assess the intangible and fixed assets.
96. To recognise and assess the long-term financial investments.
97. To classify the intangible and fixed assets and long-term financial investments.
98. To prepare analytical and financial accounting registers and documents for intangible and fixed assets.
99. To record and list the intangible and fixed assets.
100. To apply the norms of the write-off of intangible assets and amortisation/depreciation of fixed assets.
101. To calculate and record the depreciation/amortisation of intangible and fixed assets.
102. To perform cost capitalisation procedures.
103. To record and adjust value changes.
104. To prepare reports on value changes of intangible and fixed assets in the reporting period.
105. To record the intangible and fixed assets, their amortisation, depreciation, and value changes.
106. To write off the sold or disposed of intangible and fixed assets.
107. To recognise a cost object.
108. To calculate and list the costs attributable to the object.
109. To determine the value and reclassify the object.
110. To record the costs of the establishment of fixed assets and unfinished construction objects.
111. To identify the leased fixed assets.
112. To record and list the investment costs in the fixed assets.
113. To prepare the documentation on the write-off of the investment costs.
114. To record the long-term investments in the leased fixed assets.
115. To register the value and value changes of long-term financial investments.
116. To record the value and value changes of long-term financial investments.
117. To reclassify the long-term loans and receivables.
118. To prepare reports on value changes of long-term investments in the reporting period.
119. To list the company’s fixed capital.
120. To record changes in the equity capital.
121. To calculate and record the reserves.
122. To calculate and record the distribution of profit.
123. To classify the borrowings by their types and deadlines.
124. To list the long-term and short-term borrowings in the accounting registers.
125. To record the movement of long-term and short-term borrowings in book-keeping accounts.
126. To prepare a statement of the analytical accounts of long-term and short-term borrowings.
127. To compare liability balances with the information available in the accounting registers.
128. To monitor the compliance with repayment schedules for liabilities.
129. To identify, classify, and record liabilities towards suppliers and contractors in the accounting registers.
130. To record the movement of liabilities in book-keeping accounts.
131. To calculate and record currency exchange rate fluctuations.
132. To prepare a statement of the analytical accounts of suppliers and contractors.
133. To compare liability balances with the information available in the accounting registers.
134. To monitor the compliance with repayment schedules for liabilities.
135. To draw up and update the employee recording documentation.
136. To process the work and time tracking documentation.
137. To calculate and record the work remuneration.
138. To calculate and record the employee’s taxes and deductions.
139. To calculate and record the employer’s taxes and contributions.
140. To prepare documents, registers, and reports for the calculation of the work remuneration.
141. To record the calculated work remuneration and payments for the work remuneration.
142. To identify the applicable taxes.
143. To record transactions according to the applicable taxes.
144. To determine the tax base and objects subject to specific taxes.
145. To calculate the taxes.
146. To record the taxes in financial accounts.
147. To prepare tax reports and declarations.
148. To identify the deferred revenue.
149. To prepare a statement of the analytical accounts depending on the types of revenue and recipients.
150. To prepare the revenue recognition documentation in accordance with the company’s accounting policy.
151. To record the movement of the deferred revenue.
152. To reclassify the deferred revenue.
153. To calculate the dividends.
154. To record the dividends.
155. To list the dividends and their movement in the analytical registers.
156. To identify the accrued liabilities.
157. To calculate the accrued liabilities.
158. To record the accrued liabilities in accounting registers.
159. To reclassify the accrued liabilities.
160. To record the movement of the accrued liabilities.
161. To prepare inventory lists by types of assets.
162. To compare the asset inventory results with the data contained in the analytical and financial accounting registers.
163. To record the asset inventory result.
164. To make adjustments in the analytic accounting registers after summarising the asset inventory result.
165. To calculate the taxes on the asset inventory result.
166. To prepare account inventory lists.
167. To conduct the inventory of accounts.
168. To compare the account inventory results with the data contained in the accounting registers.
169. To prepare account comparison documents.
170. To make corrective entries after the account comparison.
171. To calculate the taxes on the account inventory result.
172. To prepare accounting statements.
173. To calculate account balances.
174. To draw up account turnover and analytical reports.
175. To make corrective entries on account balances.
176. To prepare a ledger of synthetic and analytical accounts.
177. To prepare an extended ledger of account correspondences.
178. To identify the revenue, expenditures, and costs for the reporting period.
179. To classify the revenue, expenditures, and costs by their types and periods.
180. To record the revenue, expenditures, and costs.
181. To make corrective entries in operation accounts.
182. To close revenue and expenditure accounts and the profit and loss account.
183. To calculate the result of economic activity in the reporting period.
184. To prepare a balance sheet.
185. To prepare a profit and loss calculation.
186. To draw up notes on the financial report.
187. To prepare an annual report.
188. To use and compile accounting information.
189. To interpret the necessary information.
190. To provide information to the company’s management for taking a decision.
191. To prepare different types of financial reports (reviews).
192. To classify the revenue and expenditures.
193. To identify the moment the revenue and expenditures incurred.
194. To apply the principles of expenditure distribution.
195. To record the revenue and expenditures in the register of revenue and expenditures from the economic activity in paper format and electronically.
196. To identify the fixed assets.
197. To classify the fixed assets.
198. To prepare accounting cards for the fixed assets.
199. To calculate the depreciation of the fixed assets.
200. To create fixed asset accounting registers in paper format and electronically.
201. To create stock accounting registers in paper format and electronically.
202. To create accounting registers for debtors and creditors in paper format and electronically.
203. To identify the applicable taxes.
204. To determine the tax base.
205. To calculate the taxes.
206. To prepare the VAT register.
207. To determine the expenditures incurred in the tax period but applicable to future years.
208. To determine the expenditure incurred in previous years but applicable to the tax year.
209. To determine the value changes of stock balances attributable to expenses in the tax year.
210. To determine the taxable income derived from economic activities.
211. To prepare a balance sheet.
212. To prepare a statement of revenue/expenditures.
213. To prepare other statements depending on the legal form.
General skills and attitudes
1. To communicate orally and in writing in various professional situations and environments by providing arguments to justify own opinion.
2. To use appropriate industry-specific professional terminology in Latvian.
3. To justify own opinion in the official language by outlining the advantages and disadvantages of various options.
4. To present work results in both the professional environment and society.
5. To engage in discussions on professional issues.
6. To use foreign languages in oral and written communication in professional situations and environments.
7. To use professional vocabulary and terminology in professional communication.
8. To adhere to the principles of intercultural communication in a multicultural environment.
9. To improve the foreign language skills independently.
10. To use browsing, searching, and selection tools to acquire data, information, and content (digital content) of the digital environment in conformity with the work task.
11. To skilfully process the information, data, and content in the digital environment.
12. To act in accordance with the legal provisions applicable to the use of digital technologies, intellectual property rights, and data.
13. To apply various mechanisms for the protection of data and information technology equipment in the digital environment.
14. To apply various communication strategies in the digital environment to promote cooperation with the colleagues.
15. To assess the credibility of various information resources and data and their relevance for the work task.
16. To store the data in a structured manner in accordance with certain principles.
17. To share data by using various information technology tools.
18. To develop digital skills.
19. To identify the potential risks when completing a work task.
20. To organise the workplace in conformity with the labour protection requirements.
21. To comply with the specified labour protection requirements.
22. To provide first aid.
23. To act in conformity with the electrical safety requirements.
24. To observe the workplace hazard pictograms and the requirements of signals and warning labels.
25. To use fire-fighting equipment according to the situation.
26. To take action in the event of fire.
27. To take action in a company-wide emergency in conformity with the civil defence plan of the company.
28. To act responsibly during an emergency situation in conformity with the national regulations.
29. To ensure efficient waste separation. To use environmentally friendly work methods.
30. To use the resources rationally.
31. To act in conformity with the principles of ‘green thinking’ and sustainable development in both everyday activities and professional activity.
32. To engage in the resolution of issues of common or public interest, including in ensuring sustainable development of society.
33. To apply the basic principles of general and professional ethics in cooperation with the colleagues and collaboration partners.
34. To work in a team.
35. To complete a task individually or to delegate it.
36. To make decisions in resolving issues.
37. To resolve non-standard work situations.
38. To observe the organisational structure established in the company.
39. To comply with the regulatory framework in employment relationship.
40. To comply with the internal work procedure rules of the company.
41. To evaluate the possibilities for the development of own business in the professional field.
42. To set one’s own and team’s work goals while implementing them in accordance with the established plan.
43. To participate in the generation of new ideas.
44. To propose innovative solutions for the improvement of work organisation.
45. To evaluate the achieved goals by assessing own and the team’s contribution to work.
46. To use feedback to set new goals for one’s own and team’s work.
47. To use mathematical methods in problem-solving in conformity with the work task.
48. To use numbers, graphical and statistical data, and also information, algebraic expressions and equations, and geometric images in the professional activity.
49. To analyse the functional correlations between mathematical quantities.
50. To schematise the necessary elements for mathematical interpretation.
51. To elaborate mathematical diagrams, images, and constructions in everyday work.
52. To apply mathematical facts, laws, algorithms, and structures to solutions in the professional field.
53. To be aware of one’s own personal and social development/ improvement opportunities in the industry.
54. To assess own professional experience and the level of professional competence.
55. To purposefully plan the development of professional competences.
56. To critically assess the situation/ event/ action/ career opportunities and take decisions.
57. To systematically acquire new knowledge and experience.
58. To use the acquired knowledge in practice.
59. To work independently, cooperate in a team, and communicate in various environments.

Professional competences
1. Ability to prepare source documents and goods delivery documents.
2. Ability to verify the conformity of the details of transaction documents with the requirements of laws and regulations and the transaction.
3. Ability to record accounting source documents in book-keeping registers and accounts by using financial accounting systems.
4. Ability to prepare a summary report on cash expenditure source documents.
5. Ability to prepare cash documentation and its summaries.
6. Ability to prepare and process non-cash documents in accordance with the requirements of laws and regulations.
7. Ability to record the stock movement in book-keeping accounts.
8. Ability to record the animal and plant movement in book-keeping accounts.
9. Ability to record the agricultural produce in book-keeping accounts.
10. Ability to record the renewable energy resources, their raw materials and reusable residues of the manufacturing process.
11. Ability to record debts while analysing and determining the amount of doubtful and bad debts.
12. Ability to record other debtors.
13. Ability to record the issued and expended advance payments.
14. Ability to record the prepaid expenses.
15. Ability to list and record the accrued revenue.
16. Ability to record short-term financial investments.
17. Ability to record cash and cash equivalents.
18. Ability to classify long-term investments by their economic nature.
19. Ability to record the intangible and fixed assets.
20. Ability to record the costs of the establishment of fixed assets and unfinished construction objects.
21. Ability to record the long-term investments in the leased fixed assets.
22. Ability to record long-term financial investments.
23. Ability to record the equity capital.
24. Ability to record long-term and short-term borrowings.
25. Ability to record debts to suppliers and contractors.
26. Ability to record the work remuneration, taxes, and deductions from work remuneration by preparing the necessary reports.
27. Ability to record taxes.
28. Ability to record the deferred revenue.
29. Ability to record dividends.
30. Ability to record the accrued liabilities.
31. Ability to verify the results of the inventory of assets (economic resources).
32. Ability to conduct the inventory of accounts.
33. Ability to prepare turnover statements and the ledger by using the accounting register.
34. Ability to record the revenue, expenditures, and costs.
35. Ability to calculate the results of the economic activity.
36. Ability to prepare the annual report.
37. Ability to prepare various financial statements for the company’s management by using the information contained in accounting registers and the annual report.
38. Ability to prepare a register for the accounting of the revenue and expenditures from the economic activity.
39. Ability to record the fixed assets based on the principles of single-entry book-keeping.
40. Ability to prepare single-entry book-keeping registers.
41. Ability to prepare tax declarations and statements.
42. Ability to clarify the expenditures attributable to the tax year.
43. Ability to prepare the annual income declaration or financial statement.
General competences
1. Ability to communicate freely in the official language orally and in writing by observing the literary language norms and using the professional vocabulary in carrying out work duties.
2. Ability to present own viewpoint in a well-argued manner and to constructively discuss professional issues by ensuring the provision of correct and understandable information in conformity with the literary language norms.
3. Ability to use a foreign language in a multi-cultural environment and professional terminology in carrying out the work duties while communicating effectively orally and in writing and adhering to the principles of intercultural communication.
4. Ability to safely manage the data, information, and content of the digital environment in conformity with the specificity of the professional activity by using various digital tools and technologies, and also observing the norms of intellectual property rights and data protection.
5. Ability to create digital content in various formats and distribute it by using means and technologies of digital communication while observing the norms of property rights and data protection,
6. Ability to perform professional tasks in the digital environment by employing techniques for the protection of digital equipment, personal data, privacy, and security and to address conceptual situations for the use of digital technologies and development of digital skills.
7. Ability to perform a work task while complying with the labour protection and electrical safety requirements.
8. Ability to perform work tasks while complying with fire safety and civil defence requirements in conformity with the regulatory documents.
9. Ability to act responsibly in an emergency situation in conformity with the national regulations and provide the necessary first aid.
10. Ability to act in conformity with the principles of ‘green thinking’, sustainable development, and circular economy.
11. Ability to set aims and objectives for one’s own and team’s work by setting priorities.
12. Ability to act as responsible citizens, fully participate in civic and social life, and express and understand different opinions.
13. Ability to analyse the information related to non-standard situations, evaluating the responsibility, rights, and obligations of the parties involved.
14. Ability to take responsible decisions and act in conformity with the requirements of the regulatory framework for labour law.
15. Ability to determine own business model and adapt the plans for the achievement of the set goals.
16. Ability to pursue the professional activity in conformity with the company’s operational goals while planning and evaluating one’s own and team’s goals in creating new values.
17. Ability to use mathematical thinking in the accounting work process in order to make calculations, develop and provide well-argued justifications, and test and compare the proposed alternative solutions.
18. Ability to effectively manage own learning and career and purposefully plan the development of professional competences in line with the development of the industry.