Fiscal Aspects of Aviation Management / Edition 3

Fiscal Aspects of Aviation Management / Edition 3

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by Robert W. Kaps
     
 

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ISBN-10: 0809322501

ISBN-13: 9780809322503

Pub. Date: 11/28/2000

Publisher: Southern Illinois University Press

Although introductions to courses in finance exist for a variety of fields, Robert W. Kaps provides the first text to address the subject from an aviation viewpoint. Relying on his vast experience—twenty-plus years in the airline industry and more than thirty years in aviation—Kaps seeks not only to prepare students for careers in the aviation field but

Overview

Although introductions to courses in finance exist for a variety of fields, Robert W. Kaps provides the first text to address the subject from an aviation viewpoint. Relying on his vast experience—twenty-plus years in the airline industry and more than thirty years in aviation—Kaps seeks not only to prepare students for careers in the aviation field but also to evoke in these students an excitement about the business. Specifically, he shows students how airlines, airports, and aviation are financed. Each chapter contains examples and illustrations and ends with suggested readings and references.

            

Following his discussion of financial management and accounting procedures, Kaps turns to financial management and sources of financial information. Here he discusses types of business organizations, corporate goals, business ethics, maximizing share price, and sources of financial information.

            

Kaps also covers debt markets, financial statements, air transport sector revenue generation, and air transport operating cost management, including cost administration and labor costs, fuel, and landing fees and rentals. He describes in depth air transport yield management systems and airport financing, including revenues, ownership, operations, revenue generation, funding, allocation of Air Improvement Program funds, bonds, and passenger facility charges.

            

Kaps concludes with a discussion of the preparation of a business plan, which includes advice about starting and running a business. He also provides two typical business plan outlines. While the elements of fiscal management in aviation follow generally accepted accounting principles, many nuances are germane only to the airline industry. Kaps provides a basic understanding of the principles that are applicable throughout the airline industry.

Product Details

ISBN-13:
9780809322503
Publisher:
Southern Illinois University Press
Publication date:
11/28/2000
Series:
Southern Illinois University Press Series
Edition description:
1st Edition
Pages:
336
Sales rank:
930,294
Product dimensions:
6.00(w) x 9.13(h) x 0.90(d)

Table of Contents

Prefaceix
1.Financial Management and Accounting Procedures1
The Need for Accounting Information in Business4
Types of Accountants8
The Accounting Equation12
Some Simple Examples18
The Accounting Cycle22
Suggested Readings and References24
2.Financial Management and Sources of Financial Information25
Overview of Financial Management25
Types of Business Organizations30
Corporate Goals37
Business Ethics39
Agency Relationships41
Maximizing Share Price46
Business Activity and Organization48
Sources of Financial Information54
Suggested Readings and References57
3.General Business Cycles59
The Nature and Significance of Economic Fluctuations59
The Federal Reserve and the Money Supply66
Summary of General Business and Economic Cycles69
Oligopolistic Characteristics of the Air Transport Sector69
Cyclical Variations in the Air Transport Sector74
Forecasting the Business Cycle76
Other Measures of Economic Health82
Suggested Readings and References86
4.The Equity Markets88
Common Stock89
How and Why New Issues of Stock Are Sold94
Preferred Stock98
Mutual Funds104
Review105
Suggested Readings and References114
5.Debt Markets115
Bonds115
Reading and Interpreting the Wall Street Journal122
Banks124
Long-Term Loans126
Short-Term Loans127
The Cost of Bank Loans129
Leasing130
Methods and Requirements for Raising Business Capital134
Summary144
Suggested Readings and References145
6.Financial Statements146
Annual Report Layout146
The Balance Sheet147
Asset Sheet148
Liabilities152
Capital Stock (Owner's Equity)155
Reading the Balance Sheet155
Balance Sheet Ratio Analysis160
Capitalization Ratios163
The Income Statement163
Reading the Income Statement166
Analyzing the Income Statement167
Statement of Consolidated Cash Flows172
Reading a Statement of Cash Flow174
Footnotes and Auditors' Reports176
Suggested Readings and References182
7.Air Transport Sector Revenue Generation183
Regulated Revenue Generation (1938-1978)183
Deregulated Revenue Generation (1978-1988)184
Global Revenue Generation (1988-Present)189
Suggested Readings and References200
8.Air Transport Operating Cost Management202
Cost Management (1938-1978)202
Labor Costs205
Commissions208
Fuel212
Landing Fees and Rentals216
Suggested Readings and References219
9.Air Transport Yield Management Systems220
Yield Management Definition220
Yield Management Factors221
Suggested Readings and References231
10.Airport Financing233
Airport Revenues233
Airport Ownership237
Airport Usage Categories and the Scope of Airport Finance241
Financing Airport Operations242
Revenue Generation243
Airport Funding245
Allocation of AIP Funds251
Passenger Facility Charges252
Bonds255
Airport Privatization260
Conclusions262
Suggested Readings and References263
11.Preparation of a Business Plan265
Starting and Running a Business265
Typical Business Plan Outline267
Business Plan Outline II268
Suggested Readings and References280
Glossary285
Index309

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Fiscal Aspects of Aviation Management 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
I had the great priviledge of being a student of Dr. Kaps at Southern Illinois University. He is an outstanding teacher that makes learning fun and exciting. We used the original pre-publication version of 'Fiscal Aspects of Aviation Management.' It was a valuable learning tool and I'm sure the current version is even better. I highly recommend this book.