Financial Management for the Fixed Base Operation (FBO) is designed for professionals who want to better understand financial operations for the FBO. It is based on best practices in the general aviation industry, 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. including principles and practices of financial management including cash flow, accounts payable, accounts receivable, introductions to forms, payroll management, sources of funds and tax obligations.
Who Should Attend
Fixed Base Operator manager
Managers of FBO flight department finances
Professionals working in the industry looking to advance their understanding of FBO operations
Overall financial management of the FBO
Budgeting and forecasting
Accounts receivable and payable
Management of payroll
Inventory and cost control
Taxation and its impact on flight department financial obligations
Compliance and enforcement of government regulations
Office of Professional Education, Worldwide Campus
600 S. Clyde Morris Blvd.
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.