1. The knowledge necessary for performance of the basic tasks of the professional activity at the level of notion:
1.1. communication psychology;
1.2. basics of marketing;
1.3. sociology;
1.4. civil protection.
2. The knowledge necessary for performance of the basic tasks of the professional activity at the level of understanding:
2.1. mathematics for economists;
2.2. economics;
2.3. legal basics of business;
2.4. business organization and planning;
2.5. record-keeping;
2.6. professional terms in the official language and at least two foreign languages.
3. The knowledge necessary for performance of the basic tasks of the professional activity at the level of use:
3.1. basics of accounting;
3.2. statistics;
3.3. application software;
3.4. management accounting;
3.5. financial accounting;
3.6. taxes and fees;
3.7. finance and credits;
3.8. accounting software;
3.9. inspection and audit;
3.10. project preparation and management;
3.11. official language;
3.12. ability to communicate in two foreign languages;
3.13. legal employment relationship;
3.14. labour protection;
3.15. environmental protection;
3.16. professional ethics.

1. To draw up accounting organization documents.
2. To prepare appropriate original documents for the company business transactions by also using accounting software.
3. To express business transactions in monetary units.
4. To be able to systematize and group transactions.
5. To select or create corresponding booking journals for the items that should be booked.
6. To compare analytical accounting records with synthetic accounting records.
7. To select and use a computer program suitable for the company accounting system.
8. To initiate the necessary accounting software improvements taking into account the specific character of the company business or tax accounting.
9. To trace transactions form the receipt of the original documents and their recording in the accounting system to the financial statement.
10. To make financial analysis and interpret indicator changes.
11. To provide accounting data protection and confidentiality.
12. To register transactions in chronological and systematic accounting registers.
13. To assess business transactions in monetary units.
14. To determine  materiality criteria of the company in accounting.
15. To prepare financial statements.
16. To prepare tax declarations.
17. To prepare operational management statements.
18. To prepare statistical reports.
19. To apply the accounting laws and regulations of the Republic of Latvia and international legal provisions in the field of accounting.
20. To apply Latvian and international accounting standards and international public sector accounting standards.
21. To communicate fluently in the official language.
22. To communicate fluently in at least two foreign languages.
23. To use professional terminology in the official language and at the least two foreign languages.
24. To be able to resolve problems related to accounting and tax issues.
25. To prepare business correspondence documents.
26. To plan and organize work according to the job description; organize the work of the subordinate staff and ensure meeting of deadlines.
27. To use information technologies at work.
28. To provide operational information to the management of the company about the work results, express and substantiate one’s opinion.
29. To observe the principles of professional ethics.
30. To observe the requirements of the labour protection, fire safety and environmental protection regulations.
31. To observe the regulations of the legal employment relationship.

1. Ability to develop a correct, rational and advanced accounting system and draw up accounting system documents.
2. Ability to register and record business transactions in accounting records and accounting software programs on the basis of supporting documents.
3. Ability to verify the recorded business transactions.
4. Ability to calculate and pay taxes, make payments for taxes.
5. Ability to prepare and file tax declarations and statements.
6. Ability to predict the impact of taxes on the company management decisions.
7. Ability to calculate remuneration according to the company payment system; maintain employee pay records.
8. Ability to record long-term investments, intangible assets, fixed assets and financial investments.
9. Ability to calculate and record write-downs of long-term investments in the reporting year and depreciation of fixed assets for financial and tax purposes.
10. Ability to record current assets and control the recording process.
11. Ability to record and register equity changes.
12. Ability to assess, calculate and record the types of necessary accruals in the company.
13. Ability to identify the economic content of liabilities, ensure the accounting of arising and discharge of liabilities, control their settlement deadlines.
14. Ability to carry out stock taking of balance sheet items; ability to carry out book adjustment and closing entries for the preparation of financial statements;
15. Ability to prepare and analyse the company’s financial statements.
16. Ability to provide cost accounting for the cost calculation and pricing.
17. Ability to prepare accounting information for management review and short-term and long-term decision-making.
18. Ability to prepare and submit operational reports to management.
19. Ability to prepare and provide the necessary information to auditors and controlling institutions.
20. Ability to prepare and provide information to external control institutions.
21. Ability to prepare statistical reports.
22. Understanding of the accounting laws and regulations of the Republic of Latvia  and international accounting laws and regulations.
23. Ability to defend the company business interests in relation to accounting and tax issues in other institutions.
24. Ability to use information technologies in carrying out one’s professional duties.
25. Ability to observe the professional ethics.
26. Ability to communicate in the official language and at least two foreign languages.
27. Ability to ensure observance of the standards of the legal employment relations.
28. Ability to ensure meeting of the requirements of the labour protection, fire safety and environmental protection laws and regulations.
29. Ability to take responsibility for the results of one’s professional performance.