Online Certificate in Wine Industry Finance & Accounting

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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.

Who Should Enroll:

  • 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.

 

Requirements:

The Wine Industry Finance & Accounting Certificate requires successful completion of two 8-week online courses:

  • BUS 859W -  Foundations: Best Practices of Wine Industry Accounting- Registration opens March 24, 2020​
  • BUS 847W  - Advanced: Financial Management and Strategy for Wine Businesses



Note: Students who began the Certificate in Wine Industry Finance & Accounting prior to Fall 2019 can contact the WBI Program Office for more information: 707-664-3235.

 

Delivery Structure:

Each 8-week course is delivered entirely online through a combination of assigned readings, pre-recorded lectures and slideshows, weekly activities and projects, discussion forum submissions, and a live weekly webinar discussion to review the content covered over the preceding week. We recommend students be able to commit 4-6 hours per week to complete all required readings, slideshows, assignments and webinar sessions.

Note:  All live webinar sessions are recorded and available for asynchronous viewing via the online classroom after they take place each week.

 

Upcoming Courses

BUS 859W

Foundations: Best Practices of Wine Industry Accounting

June 18, 2020 -

August 13, 2020



Webinars:

Thursday Evenings, 

5:30 - 6:30 p.m. PST

2.4 CEU

9.6 CPE

 

 

 

 

 

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



Fee: $1100

Registration opens March 24, 2020​

BUS 847W

Advanced:

Financial Management & Strategy for Wine Businesses



October 22, 2020 - December 17, 2020 



Webinars:

Thursday Evenings,

5:30 - 6:30 p.m. PST

2.4 CEU

9.6 CPE

 

 

This course provides an advanced financial management toolkit for wine businesses and professionals. Students will learn about financial issues relevant to companies in the wine industry, from valuation and acquisition to creating successful business models to all financial and accounting issues and strategies critical to the successful operation of wine businesses. 

Topics & Methods covered:

  • Business Valuations
  • Financial Planning and Analysis Directly Related to Company Formation and Acquisition
  • Compliance and Regulation
  • Taxation Issues
  • Management of Expenses and Revenue Models
  • Crafting Successful Business Models
  • Financial Planning and Analysis
  • Principles of Accounting



Fee: $1100

 

Questions about the courses or certificate? Contact us at winebiz@sonoma.edu or 707-664-3235.

In addition to the online Certificate in Wine Industry Finance & Accounting courses, the Wine Business Institute also offers four in-person Wine Business Finance Workshops each spring. These workshops are open to the public and can be taken individually. 

 

    Apply Here

     

    Course Learning Objectives

     

    Foundations: Best Practices of Wine Industry Accounting

    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.

     

    Advanced: Financial Management & Strategy for Wine Businesses
    LO1: Effectively integrate wine industry data into the business decision-making process.
    LO2: Create a financial plan for wineries, vineyards and/or other wine industry businesses.
    LO3: Develop a strategy for profitability for wine industry businesses. Analyze basic financial reports.
    LO4: Evaluate business performance through a financial filter.

    LO5: Understand:

    • The role of different business structures and strategies in the wine industry.

    • The role of mergers and acquisitions in the wine industry.

    • The regulatory, tax, accounting and compliance framework of wine business operations.
    LO6: Produce a basic valuation of a wide variety of businesses in the wine industry.

     

    Registration

     

    Apply Here

    Registration is done in partnership with the School of Extended and International Education.