CE-2112 Finance and Budgeting for the Corporate Flight Department

Quick Facts

Price
$700

Continuing Education Units (CEUs)
2.4

Course is Part of this Program
Corporate Aviation Management Certificate

Course Length
2 months

Course Dates & Locations
2018 CAMC Schedule
Online

Your registration will be handled by a secure payment system. Credit card information will not be saved.

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Overview

Finance and Budgeting for the Corporate Flight Department is designed for anyone who desires more knowledge about how to manage flight department finances using best practices, accepted accounting principles and efficient budgeting techniques. The course covers the basics of budgeting, forecasting, financial management, taxation, and cost recovery. It also provides an accounting primer to allow aviation professionals to better understand accounting principles and financial reports. The financial, taxation and insurance considerations of aircraft acquisitions and ownership are also presented. This course is part of our Corporate Aviation Management Certificate (CAMC) program.

Who Should Attend

Because aviation management affects every individual and department, professionals working in various capacities across the aviation industry can benefit from this knowledge including:

  • Business aviation and corporate flight department managers
  • Professionals working in the industry looking to advance their understanding of business aviation operations
  • Corporate pilots taking on new management rolls in the corporate flight department
  • NBAA members working on their initial Certified Aviation Manager (CAM) or needing points for CAM renewal and PDP/SPDP programs

Course Objectives (Satifies NBAA: BM2 & BM4)

  • Department budget components
  • Budget creating analysis and forecasting strategies
  • Strategies for aligning the department budget
  • Financial management information systems
  • Taxation and its impact on department budgeting
  • Aircraft evaluation and acquisition
  • Accepted industry budgeting and finance standards
  • Cost recovery plans (e.g., charge backs)
  • Using periodic financial reports to monitor budget progress
  • Using budgets for planning and control
  • Business plans and policies
  • Accounting policies and procedures
  • Strategies for monitoring and controlling revenues and expenses
  • Typical accounting reports
  • Department goals
  • Understanding the importance of using relevant costs for decision-making models
  • Terminology, valuation principles and financial reports
  • Total asset management
  • Principles of sunk costs, operating costs, appraisals and bench marking

Contact Us

Albert Astbury
Office of Professional Education, Worldwide Campus
600 S. Clyde Morris Blvd.
Daytona Beach, FL 32114-3900

This course is asynchronous and instructor facilitated. You will not be required to log in at the same time as your instructor, but you will have assignments due each week. You can log in at any time to complete course assignments.