Executive
Education
Courses

Take Executive Education courses at Riga Business School to keep up with the latest developments in business education. Whether you’re a recent graduate or it’s been years since you called yourself a student, we welcome you to continue growing. This is an opportunity for you to develop and update your talents.

Sept 4 – Dec 11

Mondays,

In-Person

Edgars Voļskis

Enhanced Management Accounting

The key course objective of the EMA course is to introduce the learners to the core concepts and practices of modern and enhanced managerial accounting to provide a working ability of an intelligent and analytical use of accounting information and management reporting and forecasting tools for internal management decision processes and identification of internal fraud patterns into the entities. Accordingly, from curricula priorities perspective, the main enduring outcomes for the learners from the EMA course would be as follows:
– All major business transactions must be tracked thoroughly in the entities’ books and mapped to the internal management and external financial reports.
– Patterns of fraud on potential misappropriation of assets and fraudulent reporting are predeterminable by identification and validation of the higher-than-normal risk areas in the entity.
– Professional skepticism and attitudes are crucial attributes in respect of accuracy, completeness, and efficiency of the preparation, review, and monitoring of the budgets and related management reports.

Class # Topics covered during or outside the class
1 Introduction to the course contents, overview, ground rules, schedule, and syllabus.
2 Management Accounting key concepts and terminology. Corporate Governance Concepts.
3 Individual Assignment on Quiz 1. Analysis of Types of Costs, Cost Behavior, Operating Leverage, and Profitability Analysis. Volume, and Pricing to Increase Profitability Cost Accumulation, Tracing, and Allocation.
4 Relevant Information for Special managerial decisions. Planning for Profit and Cost Control. Entity’s Performance Evaluation and diagnosis.
5 Individual assignment on Quiz 2. Patterns of Fraud, Understanding of Business Cycles
6 Automated and Manual Controls. Design and Implementation of Anti-Fraud Controls.
7 Group case study assignment 1 (identification of fraud patterns into the financial statements)
8 Product Costing in Service and Manufacturing Entities. Job-Order, Process, and Hybrid Costing Systems, Responsibility Accounting.
9 Methods, tools, and process of budget preparation
10 Group case study assignment 2. Key controls for budget accuracy and monitoring. Fraud prevention at budgeting process
11 Group case study assignment 2 (continued). Forecasting methods. Use of key assumptions. Discounted cash flows. Costs estimation methods
12 Term paper presentations #1
13 Term paper presentations #2
14 Final exam.

Course is priced at 750 Eur + VAT

Requirements to receive the certificate:

  • 80% attendance
  • active participation in classes that includes discussions, group and individual work.

Enhanced Management Accounting

Edgars Voļskis

Sept 4 – Dec 11

Mondays,

In-Person

The key course objective of the EMA course is to introduce the learners to the core concepts and practices of modern and enhanced managerial accounting to provide a working ability of an intelligent and analytical use of accounting information and management reporting and forecasting tools for internal management decision processes and identification of internal fraud patterns into the entities. Accordingly, from curricula priorities perspective, the main enduring outcomes for the learners from the EMA course would be as follows:
– All major business transactions must be tracked thoroughly in the entities’ books and mapped to the internal management and external financial reports.
– Patterns of fraud on potential misappropriation of assets and fraudulent reporting are predeterminable by identification and validation of the higher-than-normal risk areas in the entity.
– Professional skepticism and attitudes are crucial attributes in respect of accuracy, completeness, and efficiency of the preparation, review, and monitoring of the budgets and related management reports.

Class # Topics covered during or outside the class
1 Introduction to the course contents, overview, ground rules, schedule, and syllabus.
2 Management Accounting key concepts and terminology. Corporate Governance Concepts.
3 Individual Assignment on Quiz 1. Analysis of Types of Costs, Cost Behavior, Operating Leverage, and Profitability Analysis. Volume, and Pricing to Increase Profitability Cost Accumulation, Tracing, and Allocation.
4 Relevant Information for Special managerial decisions. Planning for Profit and Cost Control. Entity’s Performance Evaluation and diagnosis.
5 Individual assignment on Quiz 2. Patterns of Fraud, Understanding of Business Cycles
6 Automated and Manual Controls. Design and Implementation of Anti-Fraud Controls.
7 Group case study assignment 1 (identification of fraud patterns into the financial statements)
8 Product Costing in Service and Manufacturing Entities. Job-Order, Process, and Hybrid Costing Systems, Responsibility Accounting.
9 Methods, tools, and process of budget preparation
10 Group case study assignment 2. Key controls for budget accuracy and monitoring. Fraud prevention at budgeting process
11 Group case study assignment 2 (continued). Forecasting methods. Use of key assumptions. Discounted cash flows. Costs estimation methods
12 Term paper presentations #1
13 Term paper presentations #2
14 Final exam.

Course is priced at 750 Eur + VAT

Requirements to receive the certificate:

  • 80% attendance
  • active participation in classes that includes discussions, group and individual work.