Accounting, VAT & Charter
Provides the skills to excel in supporting yacht accounting and administration.
Description
The Crew Academy’s IAMI & GUEST-accredited Accounting, VAT & Charter program is designed to equip crew members with the skills and knowledge to excel in supporting onboard yacht administration.
This program is ideal for crew members who share some responsibility for onboard yacht accounting and administration tasks, assisting departments like the Captain, Chief Officer, or Purser.
It is specifically tailored to ensure students gain skills and knowledge required to support some of the administration duties within the onboard operations.
Administration workloads have significantly increased over the last few decades, and with most of the Heads of Department being responsible for some or all of elements of the onboard Administrations, from accounting to event planning, this program covers it all.
To read our full Recruitment & Training brochure, click here.
If you have any further inquiries please contact info@yachtcrew.uk.
Course Format
18 hours of blended learning across 3 days - 2 full days of live lessons and 1 day self-study:
- Day 1- 3 hour Lecture on Charter & VAT, 2 hours of revision and 2 hours self-study
- Day 2 - 3 hour lecture on Accounting, 2 hours of revision and 2 hours self-study
- Day 3 - 2 hours of self-study on Budgeting plus an exam
Modules
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Role and responsibilities for the onboard accounting, bookkeeping & budgeting
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Communication and reporting procedures to management and hierarchy onboard
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Management of accounting principles and systems
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Management of bookkeeping, cash accounts, controls and audits
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Management of purchase procedures and protocols
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Management of account planning and reconciliation
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Organising of the yacht’s financial planning, budgeting policies and procedures
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VAT in the yachting sector Charter expenses, operations
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Costs, advanced provisioning allowance and VAT
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Management of charter accounts and relevant financial records
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Budgeting for a port call and cruise
Key Takeaways
A certificate will be issued through the successful passing of the online examination.
After completing the course, you will officially be part of our Alumni community and will have free access to our Mental Health courses for free as well as discounts on other courses.