Course Detail: MSM-1000 - Financial Management for the FBO

Overview

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

Course Objectives

  • Overall financial management of the FBO
  • Budgeting and forecasting
  • Cost accounting
  • Accounts receivable and payable
  • Management of payroll
  • Inventory and cost control
  • Taxation and its impact on flight department financial obligations
  • Financial planning
  • Vendor relationships
  • Compliance and enforcement of government regulations

Available Sessions