- Placement scope (percentage)
16.42
- Placement duration (hours)
788
Name of the placement:
Financial Information Processing and Reporting Placement
Activities during the placement: During the placement, students maintain the accounts of a simulated company: they analyse business transactions, complete primary accounting documents, record account correspondence entries, transfer information into analytical and synthetic accounting registers, calculate the cost of production, maintain General Ledger accounts, prepare a working trial balance and compile a set of financial statements. The placement will develop consistent, systematic and orderly work skills, in keeping company accounts and preparing a set of financial statements.
- Placement scope (credits)
8
Name of the placement:
Financial Analysis of Company Operations Placement
Activities during the placement: The placement is designed to develop students’ skills in carrying out consistent financial analysis of a company’s operations, comprehensively assessing the company’s financial position and performance results. Having completed the placement, the student will be able to carry out a financial analysis of a real, operating company, calculate its key financial indicators, evaluate them, present summary conclusions and publicly present the results of the placement.
- Placement scope (credits)
7
Name of the placement:
Placement in a Practice Firm
Activities during the placement: The programme is designed to develop practical entrepreneurial skills within a practice firm (hereinafter referred to as PF), simulating the operations of a real business enterprise: organising, planning and controlling the work of the company and its divisions; preparing personnel, procurement and sales documents; organising work with clients; managing information flows; applying the legislation governing the organisation’s financial reporting, its operations and taxation; and developing the ability to apply communication, cooperation and teamwork skills, trading with one another through the Simulith Centre in Lithuania and the WORLDWIDE network internationally
- Placement scope (credits)
4
Name of the placement:
Financial Business Project Modelling Placement
Activities during the placement: Having completed the placement, students will be able to plan a company’s expenses, determine a profitable volume of production and sales, draw up a company budget, select sources of investment financing, forecast financial indicators and prepare projected financial statements, and assess the efficiency of planned investments.
- Placement scope (credits)
4
Name of the placement:
Computerised Business Management Systems Placement
Activities during the placement: Students will develop practical skills and the ability to work with computerised accounting software: they will be able to enter permanent (master) and variable (transactional) data and business and financial transactions according to individual programme modules, and generate reports; they will be able to carry out work in information systems: create a company database, fill in accounting registers, maintain accounts using individual programme modules, prepare reports for the internal purposes of the economic entity, prepare financial statements, evaluate the economic entity’s performance results; and compare the differences and similarities between the programmes.
- Placement scope (credits)
6
Name of the placement:
Final placement
Activities during the placement: To consolidate the theoretical knowledge acquired during studies within a specific organisation, and to gain and deepen practical skills by working independently, analysing and evaluating the particularities of the organisation’s operations, accounting practices, tax and financial management, and investments, by carrying out a financial analysis of the organisation’s operations. The placement is designed to gain practical work skills, working independently and applying theoretical knowledge within a specific organisation. During the placement, the organisation’s work organisation process is analysed, the specifics of the organisation’s operations and accounting management, the preparation of financial, tax and statistical reports, and financial management are assessed, the organisation’s investments are analysed, and an analysis of the organisation’s financial position is carried out.
- Placement scope (credits)
15
- Placement scope (percentage)
8.33
- Placement duration (hours)
400
Total:
- Placement scope (credits)
44
- Placement scope (percentage)
24.75
- Placement duration (hours)
1,188
Choice of placement venues:
Students can choose or find a placement in Klaipėda city, Klaipėda district, the Western Lithuania region, or anywhere else in Lithuania or abroad. These can be businesses, public institutions, or state organisations.
Final placements are carried out at:
In audit firms: UAB Grant Thornton Baltic, UAB PWC, UAB KPMG Baltics.
In banks: AB Swedbank, AB SEB bankas, AB Šiaulių bankas.
In public institutions: Klaipėda City Municipality; Klaipėda District Municipality, Tauragė District Municipality.
In the finance departments of business enterprises: UAB Vlantana, UAB Aros marine, AB Grigeo.
