Accounting and Financial Management for Travel Agencies (e-learning)

20-hour e-learning 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 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 code: TTTG-93

Group discounts
Considerable discounts are available for multiple purchases (30+ users) of this course. To simplify company-wide implementation, you can also host this e-learning course on your company’s Learning Management. Please contact us for more information.

Course format

• This e-learning course requires approximately 20 hours of study, to be completed within 6 months from the purchase date (enrollment validity).
• After the enrollment validity expires, the users will not have access to the course content and will not be able to take the assessment.
• The recommended level for this course is Entry-level and Intermediate.
• Student performance will be based on an assessment.

Registration information

• Please refer to our payment methods and applicable taxes.
• When you click to purchase the course, you will be directed to log in to your Training Profile through our Customer Portal.
• Are you purchasing the course for several people at once? Please find out how on our Payment page.

Upon completing this course you will be able to:

• Interpret standard annual and management accounts : income statement, balance sheet, cash flow, budget and forecast workbooks
• Analyse financial data to make business decisions and draft a business plan
• Create a budget according to the business plan, track performance and forecast with action plans
• Choose an accounting system that supports business goals and needs
• Define cost saving strategies to manage unpredictable costs
• Identify financing options best suited to the travel agency’s needs and goals
• Benchmark your business performance against IATA accreditation criteria and ratios

Upon completing this course you will have the skills to:

• Plan-Do-Check-Act (PDCA) cycle and business planning at a travel agency
• Financial reports, annual and management accounts
• Accounting systems and data management
• Budgeting and forecasting
• Cost and cash flow management, and financing options

This course is recommended for existing or aspiring:

• Retail and wholesale travel business owners, managers, and supervisors
• Independent travel consultants and home-based agents
• Travel shop accounting and finance staff
• External accounting consultants and service providers

Upon successful completion of the assessment, you will be granted an Award that you can print for your records.

Assessment information

Please read the General Information on Self-study exams.

• Delivery method: Unsupervised online-based exam. Assessment can be taken at any time at your convenience.
• Format: 60 multiple-choice questions
• Time allowance: 2 hours
• Passing grade: 70% correct answers
• Number of assessment attempts: 2

Important note: The assessment should be accessed after you have completed the course module. Once you have started the assessment you can no longer access the course module.