Air Transportation Financial Management
Unit code: HES6620
|Credit points||12.5 Credit Points|
|Contact hours||Equivalent to 4 contact hours per week|
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 objectivesStudents 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
- 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
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.