INT-ACCT-1.1.2

The Language of Accounts: Income, Expenditure, Capital and Operating

INT-ACCT-1 · Bookkeeping Fundamentals for Yacht Crew · INT-ACCT-1.1 Why the Yacht Keeps Accounts

Explains the basic accounting vocabulary a senior crew member needs: income, expenditure, capital versus operating spend, and the outline difference between cash and accrual basis. Uses worked yacht examples to show why the distinction changes the monthly report.

Independent study. xplor is not an IAMI- or PYA-accredited GUEST training provider. This course covers the ground assessed in GUEST Unit 21; it awards no GUEST unit, certificate or Certificate of Competency and does not count toward one. It is not tax, legal or accounting advice.