FC Accounting Terms
HST/GST
Flight Centre
Expense Policy
The Accountants
100
The cost of having a travel manager in the business.
What is COS?
100
This province has a GST rate of 5% and a provincial sales tax of 9.975%.
What is Quebec?
100
Our People; Our Customers; Profit; Ownership; Incentives; BOF; OBW; Family, Village, Tribe; Taking Responsibility; Egalitarianism and Unity.
What are the FCL Philosophies?
100
Their primary purpose is to provide a business update, they celebrate and recognize individuals for outstanding achievements, and occur on a monthly basis.
What are Buzz Nights?
100
This person spent the night in jail after a buzz night.
Who is OCC?
200
Flight Centre's commission divided by total sales, expressed as a percentage.
What is Gross Margin? or What is margin?
200
This province has an HST rate of 14%
What is PEI?
200
The World's Leading Travel Management Company for the fourth consecutive year.
What is FCm Travel Solutions?
200
In-house movies at a hotel, airline lounge memberships, IATA Card Costs, Mini-Bar Costs, and Laundry (if stay is less than 4 days).
What are non-allowable expenses?
200
This person is an avid board gamer.
Who is Megs?
300
Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for.
What are Accounts Receivable? OR What are Debtors?
300
The tax rate for Northwest Territories, Nunavut, and Yukon Territories.
What is 5% GST?
300
This is the year where Stage and Screen opened its first office in Canada.
What is 2008?
300
The amount of time you have to submit a cash expense claim.
What is 45 days?
300
This person decided to go to Mexico with their better half and within 6 hours was on a plane.
Who is Ryan?
400
Recognizing expenses that haven't been paid yet.
What is an accrual?
400
This province has the highest HST rate in Canada.
What is Nova Scotia?
400
This is the year in which Corporate Traveller opened in Western Canada.
What is 2001?
400
This must have at least 5 hours of structured business content, be held at external facilities, and must have a detailed agenda.
What is a conference?
400
This person used to be hardcore raver.
Who is Grady?
500
A financial statement that details both income and expenses.
What is a P&L?
500
These three provinces have an HST rate of 13%.
What is Ontario, New Brunswick and Newfoundland?
500
This is the financial year in which the current Flight Centre Captain was brought on board.
What is 2013?
500
The monetary value of gifts from clients/suppliers exceeding this amount must be disclosed to the CFO.
What is $500?
500
This accountant had their toilet "upper decked" at the past finance conference.
Who are Laith and / or JC?