Best Practices of Wine Industry Accounting - Foundations

School of Business and Economics at Sonoma State University

What are the topics?

School of Business and Economics at Sonoma State University

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Who should attend

  • Wine industry professionals with limited experience in finance and accounting can take these courses to gain practical knowledge and financial literacy skills.
  • Finance and accounting professionals can take these courses to expand and deepen their knowledge of best practices in finance and accounting for the wine industry or to earn CPE credits towards maintaining CPA licensure.

About the course

This course provides an introduction to general accounting principles and financial concepts, as well as financial best practices relevant to the wine industry. Revenue management and cost accounting will be also be explored.

Course concepts will be examined and explored through the lens of the wine industry.

Topics & Methods covered:

  • Accounting Processes
  • Financial Analysis and Planning
  • Key Performance Measurements
  • Understanding Accounting Concepts and Financial Statements
  • Calculating Financial Ratios for Business Initiatives
  • Budget Planning
  • Creating a Product Price Structure
  • Cost Accounting Principles
  • Determining Appropriate Key Performance Indicators

Program Overview

The Online Certificate in Wine Industry Finance & Accounting provides an overview of financial and accounting concepts that enables you to make better business decisions and advance your career. Taught by wine industry professionals in the finance and accounting fields, students explore key wine-specific accounting concepts and principals, and financial strategy, planning, and management for wine businesses.

Course Learning Objectives

  • LO1: Identify the components of financial statements and their inter-connected relationships.
  • LO2: Construct and analyze financial ratios/trends to execute business decisions/strategies needed to manage the business.
  • LO3: Develop a plan for managing profitability through revenue management and cost analysis.
  • LO4: Evaluate accounting processes to determine optimum controls and accountabilities.
  • LO5: Understand the financial resources and time periods necessary to establish a wine product.
  • LO6: Understand other options for managing accounting processes and systems.

Best Practices of Wine Industry Accounting - Foundations at School of Business and Economics at Sonoma State University

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

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