Course Detail: CE-2112 - Finance and Budgeting in association with NBAA [CE 2112]

Performance charts with pen and keyboard

Overview

Embry-Riddle Aeronautical University's (ERAU) 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. Course content explores the basics of budgeting, forecasting, financial management, taxation, and cost recovery. Students will receive 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 Embry-Riddle's Corporate Aviation Management Certificate (CAMC) program.

This course awards 2.4 CEUs upon completion.

Who Should Attend

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

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Course Objectives

Examining financial charts

This course is currently pending NBAA approval for satisfaction of NBAA BM1, BM2, BM3 and BM6 Learning Objectives.

Upon completing the course, students should be able to demonstrate a comprehensive and broad-based understanding of:

  • Department budget components
  • Budget creation 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)
  • Use of periodic financial reports to monitor budget progress
  • Use of budgets for planning and control
  • Business plans and policies
  • Accounting policies and procedures
  • Strategies for monitoring and controlling revenues & expenses
  • Typical accounting reports
  • Department goals
  • 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

Course Information

This is an online asynchronous instructor facilitated course with weekly modules and assignments, but no scheduled meeting times. Students should plan to spend approximately 10-15 hours per week working through the course. Coursework is web-based with no additional software required, although a reliable internet connection is recommended. All courses open 48 business hours in advance of each start date, and must be completed by their scheduled end dates. Digital certificates are available upon successful completion of individual courses. Printed certificates are mailed only upon completion of a full certificate program.

 Session Information: W0824-CE2112-V1

Schedule: starting on 08/01/24 and ending on 09/25/24
Only 14 days left to register!
Times: 12:00am-11:59pm EDT
Finance & Budgeting : $700.00

Facility Detail

Online Course
ERAU Worldwide Campus
Online, FL 00000
(386) 481-9070