Air Transportation Financial Management
Unit code: HES6620
| Credit points | 12.5 Credit Points |
| Duration | 1 Semester |
| Contact hours | Equivalent to 4 contact hours per week |
| Prerequisites | Nil |
| Corequisites | Nil |
Related course(s)
A unit of study in the Graduate Certificate of Aviation (Human Factors), Graduate Diploma of Aviation (Human Factors) and Master of Aviation (Human Factors); Graduate Certificate of Aviation (Management), Graduate Diploma of Aviation (Management) and Master of Aviation (Management).
Aims and objectives
Students should complete this unit with a good understanding of the importance and complexities of financial management systems in an airline, particularly where earnings, contracts and debts may be in a range of currencies other than the home country currency. Coupled with this is appreciating and depreciating trade currencies and changing exchange rates in today's market place.Generic skills outcomes
At the completion of this unit, students should exhibit the following graduate attributes:
- are capable in their chosen professional, vocational or study areas
- operate effectively and ethically in work and community situations
- are adaptable and manage change
- are entrepreneurial in contributing to innovation and development within their business, workplace or community
- are aware of environments in which they will be contributing
Content
The topics studied in detail in this unit will be drawn from the following:
- IATA guidelines and international accounting practices/standards.
- Revenue and frequent flyer programming.
- Aircraft asset valuation and depreciation policies/asset and expense disclosure.
- Finance and operating lease information.
- Foreign exchange/contracts earnings and variations.
References
To be supplied with study material
