Online Instructor Led
Live interactive lectures on Zoom with your trainer.
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Accounting and Financial Management for Travel Agencies
- Online Instructor Led
- Arabic · English
- Advanced
- Intermediate
How you study
How this course works
About this course
Feeling unable to explain your agency’s financials? Are you frustrated that you don’t understand accounting transactions or your financial statements? Why they are 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 instructor lead online course walks you through practical accounting and finance procedures and proven strategies for profitability. Supporting case studies and simulation activities makes this course practical and stimulates creative thinking to help you assess whether your business meets the requirements of investment, government and industry regulators such as IATA
Course content
What you will study
7 lessons
1Interpret standard annual and management accounts : income statement, balance sheet, cash flow, budget and forecast workbooks
2Analyse financial data to make business decisions and draft a business plan
3Create a budget according to the business plan, track performance and forecast with action plans
4Choose an accounting system that supports business goals and needs
5Define cost saving strategies to manage unpredictable costs
6Identify financing options best suited to the travel agency’s needs and goals
7Benchmark your business performance against IATA accreditation criteria and ratios