Airport finance Study guides, Class notes & Summaries

AAAE ACE Airport Finance Mod 1 QUESTIONS AND ANSWERS (100% VERIFIED) 2023/2024

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

Airport Sponsor - correct answer 1. Governing body of the airport 2. any public agency or private owner of a public use airport 3. often operated by a board or elected or appointed officials 4. act as policy makers establishing broad goals and objectives 5. strategic leaders of the airport Airport Executive - correct answer An individual (airport director or manager) Airport Operator - correct answer Airport management structure overall (Sponsor, Executive & personnel essential to the ...

AAAE CM Exam Module 1 Finance and Administration Questions and Answers What are grant assurances? - Answer ️️ -They require the recipients to maintain and operate their facilities safely, efficiently, and in accordance with specific conditions. (pg 57) Why does FAA use grant assurances? - Answer ️️ -Grant assurances are the most effective means of extending government policy to local government unit. (pg 58) How long are grant assurances in effect? - Answer ️️ -Continuing oblig...

AAAE ACE Airport Finance Mod 1 Questions and Answers (Graded A) ARP Airports Organization APP Office if Airport Planning and Programming APP-500 (Div. if APP) Airport Financial Assistance APP-400 (Div. of APP) Airport Planning and Programming AAS Office of Airport Safety and Standards ACO Office of Airport Compliance and Management Analysis ACO-100 Financial Management Analysis ACO - Airport Compliance Division Airports Regional and District Offices Airport District Office (ADO) APL -...

AAAE C.M. Module 1 - Finance and Administration Questions and Answers The revenue streams and employment of many individuals of many individuals and companies in the community relies on the _______, __________, and _____________ functioning of the airport. - Answer ️️ -safe, secure, efficient What began in December of 1903 by the _______________ ______________ as a successful experiment has become the world's fastest transportation industry and an essential component of the world tra...

AAAE ACE Airport Finance Mod 2/26 Complete Questions and Answers

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measur