Master Yacht Finance with Confidence & Clarity

The IAMI GUEST: Principles of Yacht Financial Management course is your guide to running the financial side of a senior interior role with clarity and calm. From understanding ownership structures and approval flows to managing budgets, APA, reconciliation and VAT, you’ll gain the confidence to protect the yacht, earn the trust of management and lead your department like a true professional.

Key Learning Outcomes

What you'll learn from this course

  • Understand the financial world around the yacht

    Learn how ownership, jurisdiction, family offices, brokers, agents and management companies shape every financial decision onboard, so you know who holds authority, where the money comes from and how to communicate it professionally.

  • Master budgets, purchasing and payment controls

    Confidently build departmental budgets, manage purchase orders and invoices, handle CTM, cards and wire transfers, and reconcile every transaction with the structure and paperwork that keep the yacht protected.

  • Lead charter finance, APA and VAT with confidence

    Track and report the APA, separate guest spending from operational funds, and navigate VAT, customs and fiscal requirements with practical scenarios, templates and checklists built for real yacht operations.

What You Need To Know

What is GUEST?
The IAMI GUEST Program is the only internationally Recognised Large Yacht Industry Qualifications and Assessment Standard.

What are the course requirements?
To ensure you get the most out of this course, there is a requirement of minimum operational experience, we encourage you to reach out to our team at [email protected] to find out if it is the right fit for you.

Course curriculum

    1. Welcome to Thinkific!

    1. 1.1 Legal Awareness

    2. 1.2 Ultimate Beneficial Ownership & Authority in Practice

    3. 1.3 Power of Attorney (POA) Onboard

    4. 1.4 UBO Wealth vs Operational Funds

    5. 1.5 Decision-Making & Responsibility Distribution

    6. 1.6 Jurisdiction & Company Registration

    7. Module 1 Quiz

    1. 2.1 Overview of Third-Party Stakeholders

    2. 2.2 Family Office Structures

    3. 2.3 Corporate Providers and Fiscal Representation

    4. 2.4 Broker Roles Across Charter, Sales and Refit

    5. 2.5 Maritime Agents: Operational and Financial Interface

    6. 2.6 Crew Employment and Payroll Structures

    7. 2.7 Insurance Considerations and Risk

    8. 2.8 Legal Advisors, Disputes and Escalation

    9. Module 2 Quiz

    1. 3.1 Basic Accounting Principles

    2. 3.2 Bookkeeping vs Accounting

    3. 3.3 Accounting Systems Overview

    4. 3.4 Introduction to KYC (Foundational)

    5. 3.5 Financial Documentation and Escalation

    6. 3.6 VAT Fundamentals in Yacht Operations

    7. 3.7 SOPs in Yacht Finance

    8. 3.8 SOP Example

    9. Module 3 Quiz

    1. 4.1 Understanding Budgets and Reading Reports

    2. 4.2 Cash Flow and Budgets

    3. 4.3 Asset vs Expense Classification

    4. 4.4 Static vs Rolling Budgets

    5. 4.5 Building Your Departmental Budget

    6. 4.6 Cost Centre Tracking and Expense Allocation

    7. Module 4 Quiz

    1. Assessment Scenario

    2. Assessment Part 1

    3. Assessment Part 2

About this course

  • Free
  • 95 lessons
  • 0 hours of video content

FAQ

  • Will I receive a certificate?

    Yes! You will receive an official IAMI GUEST certificate.

  • What is GUEST?

    The IAMI GUEST Program is the only internationally Recognised Large Yacht Industry Qualifications and Assessment Standard.

  • How Long Do I Have to Complete the Course?

    You have a full year to complete the course, having all assignments submitted and marked before the 365 days are over.