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Accounting and Financial Management for Travel Agencies

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About the Course

Are you feeling unable to explain your agency’s financials? Are you frustrated that you don’t understand accounting transactions or your agency’s financial statements? Why are they so important?

Your agency’s financial health is key to the survival of your business; analyzing and controlling your finances leads to strong business plans and better strategic decisions. Learn to speak accounting language, grasp accounting principles and interpret financial statements to assess and steer your business.

This step-by-step, interactive online course walks you through practical accounting and finance procedures and proven strategies for profitability. Supporting case studies and simulation activities make this course practical and stimulate creative thinking to help you assess whether your business meets the requirements of investment,
government and industry regulators such as IATA.

Certification:
Course Formats: |
Learning Methods: |
Course Duration:

Notice

Once you have completed the exam or the duration of the Course elapses, you will not be able to access the course contents.

What You will Learn

Upon completing this Course, you will be able to:

  • Interpret standard annual and management accounts : income statement, balance sheet, cash flow, budget and forecast workbooks
  • Analyse financial data to make business decisions and draft a business plan
  • Create a budget according to the business plan, track performance and forecast with action plans
  • Choose an accounting system that supports business goals and needs
  • Define cost saving strategies to manage unpredictable costs
  • Identify financing options best suited to the travel agency’s needs and goals
  • Benchmark your business performance against IATA accreditation criteria and ratios

Course Contents

The Key Topics Include:

  • Plan-Do-Check-Act (PDCA) cycle and business planning at a travel agency
  • Financial reports, annual and management accounts
  • Accounting systems and data management
  • Budgeting and forecasting
  • Cost and cash flow management, and financing options

Who Should Attend

This course is recommended for:

  • Retail and wholesale travel business owners, managers, and supervisors
  • Independent travel consultants and home-based agents
  • Travel shop accounting and finance staff
  • External accounting consultants and service providers
Exam Information
Method: Unproctored
Number of Questions: 60 Multiple-Choice Questions
Exams Time Allowed: 2 Hours
Passing Grade: 70% Correct Answers
Number of Attempts: 2

If you need help studying this course, click here to connect with a Tutor/Expert. The Tutor/Expert will help you by teaching you the ab initio of Aviation, and some aviation terms.

If you are interested in this Course, click on the Register Button below. This connects you to an expert that will guide you to register and show you how to maneuver throughout your studies period.

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