INTERPRETATION OF TERM CURRENT ASSETS IN RESEARCH AND LITERATURE OF FIELD

The quality and comparability of financial statements are determined by single and unbiased interpretation of legislative acts and their application. Latvia in its economic development has faced the influence of various economic schools, inter alia regarding interpretation and application of various notions. The article summarizes the interpretations of the terms “assets” and “current assets” in research and literature of the field; besides, the historical development of the term “current assets” in Latvia is explored. Basing on the results of the research there are formulated the definitions of the terms „assets” and “current assets” and provided suggestions for their introduction and application to facilitate single understanding of terminology

TYPES OF COMMUNICATION AND THEIR ROLE IN THE COMPANY

The author reviewed information in EBSCO databases on communication between managment and employee in commercial enterprises, hospitals, educational institutions, in crisis situations and everyday life. The problem identified iclude a weak communications structure and poor managment skills deteriorating quality of work in nowadays. The article dealt with Brian Weberg comunication structure, which is divided into two types. To learn how to improve communication in the organization, it was investigated Fionn Timm methods which are recognized as effective

LEADERSHIP CHARACTERISTICS AND STYLE ENLISTING ANALYSIS

Article aim is to explore what is leadership, what are the differences between managers and leaders. Leadership has always been an area of interest since time immemorial. The difference between about managers and leaders, he wrote, lies in the conceptions. They hold, deep in their psyches, of chaos and order. Managers embrace process, seek stability and control, and instinctively try to resolve Problems quickly-sometimes before they fully understand a problem's significance. Leaders, in contrast, tolerate chaos and lack of structure and are willing to delay closure in order to understand the issues more fully

INTELLIGENCE CYCLE AS PART OF EFFECTIVE RISK ANALYSIS UNDER INTEGRATED BORDER MANAGEMENT

The aim is to present common approach of processing of information as one of the main aspects for qualitative risk analysis, including all three components – threat, vulnerability and impact, in all levels: strategic, operational and tactical. The theoretical methodology is based on guidelines of common integrated risk analysis model (CIRAM), implemented in Schengen member states (MS) as a part of integrated border management (IBM). Based on the main task – to view particular legal bases and using historical research, analytical and descriptive methods, the legal bases of IBM in the field of risk analysis was explained, at first. Special attention was paid for description of each step of intelligent cycle, because only scrupulous following of methodology guaranteed the high quality of the product in situations when analytical units have huge amount of data from different sources every day. Different kinds of risk analysis (annual, quarterly, monthly, weekly or targeted for specific measures) are performed by European Border and Coast Guard (EBCG) and MS using the CIRAM methodology. Huge data flows should be managed in a structured way. The knowledge and practical implementation of CIRAM has a positive impact on overall internal security in the area of free movement. For this purpose, the amount of trained border guards was analysed.

“SCANDAGRA LATVIA” LTD MARKETING COMMUNICATIONS RESEARCH

The topic: “Scandagra Latvia” Ltd. marketing communications research. The problem to be studied: “Scandagra Latvia” Ltd. marketing communications plan does not cover the target audience hindering the company from faster development. Detailed marketing communications planning can help the company to make their marketing activities more target-audience oriented and with higher potential returns, that can give a positive result– new clients. The aim of the research: to investigate marketing communications “Scandagra Latvia” Ltd. “Scandagra Latvia” Ltd. work, activities and supply are described. Marketing communications and their management are examined. Marketing communication processes in “Scandagra Latvia” Ltd. are described and assessed. After the analysis of already existing marketing communications plans, author of the research made some supplements and developed “Scandagra Latvia” marketing communications plan for the year 2017. Theoretical literature was used as well as, periodicals, “Scandagra Latvia” Ltd. no published materials and scientific articles on processes of marketing planning

ANALYSIS AND DEVELOPMENT POSSIBILITIES OF BUSINESS INCUBATORS IN LATVIA

The nature of business incubators and their historical development in the world and in Latvia, the role in the global and Latvia's economy, the requirements set by the Investment and Development Agency of Latvia (LIAA) for the operators and enterprises of business incubators within the framework of the activity “Business Incubators” (implemented within the project “Development of Business Incubators in Latvia” co-funded by the European Regional Development Fund), as well as the results achieved by the business incubators and enterprises, and their future perspectives are covered in the research. The aim of the study is to explore and analyse the implementation and performance of the LIAA’s activity "Business incubators" in Latvia. The main issues analysed in the paper are the implementation conditions, the results, and analysis of the activity “Business Incubators” administered by the LIAA, as well as its effect upon the business activity in Latvia. Based on the obtained results, the authors conclude that the continuation of the business incubators' operation is a precondition for development of innovative business and growth of the economy of Latvia

THEORETICAL ASPECTS OF GREENING AND DIGITALISATION OF BUSINESS PROCESSES IN ENTERPRISES: THE CASES OF UKRAINE AND LATVIA

The aim of the study is to analyse the theoretical basis of greening and digital transformation of enterprise business processes. The objectives of the study are to summarize the theoretical and methodological framework for the issues investigated and substantiate the conceptual approach to the environmental and economic development of the enterprise based on the concept of green business and the implementation of the digital transformation approach. The scientific novelty of the study consists in further development of the theoretical foundations of greening and digital transformation of enterprise business processes, as well as in the use of the organizational and methodological approach to determine the socio-economic and eco-economic consequences of the choice of priorities for the production and consumption of environmental products. The research used general scientific and special methods: scientific abstraction, analysis and synthesis, induction and deduction, abstraction and concretization, system and comparative analysis; statistical analysis; the matrix method. It has been proved that enterprises in Latvia and Ukraine face the critical task of finding a balance between improving the existing business models of their activities based on the implementation of digital technologies, and minimizing the negative environmental impacts. It has been established that the economic system of Ukraine remains ecologically unfavourable; however, to solve this problem, measures to implement the system of circular economy and create incentives for the development of green business have been developed. The results of expert evaluations have showed that Latvia is the leader in Europe in the consumption of green energy and is the largest exporter in the ICT sector in the Baltic States

THEORETICAL AND PRACTICAL ASPECTS OF USAGE OF THE SINGLE-ENTRY ACCOUNTING SYSTEM

In accounting, it is possible to use a single-entry system or a double-entry system, but in order to obtain all the necessary information to analyse the economic processes, the choice of the system shall be evaluated in accordance with the legal requirements and the particular field of entrepreneurship. At present, the application of the single-entry system in accounting is defined most unclearly, because the choice of an accounting system does not always depend on the criterion – turnover (as stated in the legislation); its formation structure is more important.One of the research tasks is to investigate views of practicing bookkeepers in Latvia on the suitability of application of the single-entry system in accounting for individual entrepreneurs. In accordance with the inquiry results and the analyses, the research objective is to state the most problematic issues of accountancy and suitability of application of the single- entry system in accounting of different kinds of economic activity

ROLE OF LEADERSHIP AND POSSIBILITES FOR ITS DISPLAY IN THE STATE BORDER GUARD

The authors explore the display of leadership in the State Border Guard in order to find out whether there is a place for leadership and the human factor in the relationship between management and subordinates in the strictly regulated organization. The aim of the research: to study the role of leadership and its display in the State Border Guard. Tasks of the research: 1) to describe the nature of leadership and its role in the organization's activities; 2) to conduct a survey on the most significant aspects of leadership manifestation in regards inspectors and officers from different border guard units of the State Border Guard; 3) to make conclusions and develop proposals regarding the necessity of leadership and possibilities for its display. The research methods: 1) literature analysis, observation; 2) surveying, data processing, analysis, and interpretation. At the end of the research, the authors conclude that the respect and appreciation provided by the superior to the subordinates is as important as a good salary and work conditions at the State Border Guard. Hence, in the opinion of the subordinates, a superior who can display the respect and appreciation to the subordinates will be able to become the leader. Even in a strictly regulated organization such as the State Border Guard, the superior can offer his/her subordinates the assistance – not by completing a task on behalf of the subordinate, but by providing the advice and guidance. This behaviour is an attribute of a democratic management style creating a favourable ground for leadership development

BUSINESS DEVELOPMENT OPPORTUNITIES IN THE CASE OF ECONOMICS RECESSION IN LATGALE REGION

Business survival and development in time of economic slowdown is complicated. The research on business opportunities and threats is carried out with the help of opinion survey of employers and employees of business companies in Latgale. The findings have clarified the main business opportunities against the backdrop of crisis in Latvia