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Finance and Accounting Systems in Aviation Industry

In: Computers and Technology

Submitted By Bhavik
Words 1268
Pages 6
Finance and Accounting Information systems used in Aviation sector

Finance and Accounting Information systems used in Aviation sector

SUBMITTED BY:
BHAVIK K. VORA
421
MBA (Tech.)
Telecommunications

Contents | SR. NO. | TOPICS | PAGE NO. | 1 | Aviation Sector: An overview | 3 | 2 | Effect of information system in aviation sector | 3 | 3 | Finance and accounting information system | 4 | 4 | Sirax Airfinance platform by Lufthansa systems syssystesm | 4 | 5 | Sirax Revenue Accounting | 5 | 6 | Sirax Cost Accounting | 8 | 7 | Sirax Business Intelligence | |

Aviation industry: An overview
The aviation industry traditionally grew due to increase in demand of business travellers as the companies started expanding their operations in different places all over the world. Moreover rise and income of the people had a positive effect on the tourism industry and thus leading to the growth of aviation industry. Deregulation and Privatisation of the aviation industry provided further impetus to its growth. Since 1970, the growth rate in the aviation industry has been about 6-7%

Sirax Airfinance platform by Lufthansa systems
With respect to the uncertainties that airlines are facing today, Sirax Airfinance platform can prove to be of great help to the airlines as it provides the right information at the right time. It keeps the airline updated about their operations and financial condition. It provides the airline with timely, accurate and valuable information that can not only help the particular airline to review the current strategies and campaigns but also helps them to a great extent to decide on the future plans, strategies and campaigns.
For example:
Consider an example of Mark working as a marketing executive in a XYZ airline. He decides to used the television media to launch a special promotion. During...

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