Wine Industry Finance & Accounting Certificate

Finance and Accounting at Sonoma State University

Program Overview:

The Wine Industry Finance & Accounting Online Certificate provides an overview of financial and accounting concepts that enables you to make better business decisions and advance your wine 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.

Certificate Benefits:

  • All courses delivered online
  • 4-6 hours weekly commitment
  • 1-hour weekly live webinars
  • Recorded Webinars
  • Non Credit Courses
  • Eligible for CPE Credits

Current Course Schedule:

Class Dates Live Classes Instructor Fee Registration Deadline
Foundation: Best Practices of Wine Industry Accounting 4/5/23 - 5/31/23 Thursday's 5:30pm-6:30pm PST Maria Dillingham $1,250

4/3/2023

Register here

Advanced: Financial Management & Strategy for Wine Business Summer 2023 Thursday's 5:30pm-6:30pm PST Jared Thatcher

$1,250

 

TBD
Master: Cost Analysis for Wine Business 10/18/22- 11/15/22 Tuesday's 5:30pm-6:30pm PST Jared Thatcher $795 Closed

Completion Requirements:

  • Only 20 weeks of courses.
  • One Foundation course (four weeks)
  • One Advanced course ( eight weeks) 
  • One Elective course (four weeks)
There is no time limit to complete the certificate program.

Average time to complete is 12 months. 

Payment:

Payment is made at the time of registration for each course and not at one time, so your payments will be spread out over the three courses. 

Courses & Topics Covered
Foundation: Best Practices of Wine industry Accounting

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 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
Advanced: Financial Management & Strategy for Wine Business

This eight-week course provides a concise overview and analysis of the factors critical to financial success for businesses in the wine industry.  Students will learn about different corporate and financial structures and strategies; how to deal with business details, like compliance and insurance; and how to use financial planning and analysis to ensure a business’s financial survival and drive growth.

Topics Covered:

  • Sales Unit & Income Statement Forecasting
  • Production Planning, COGS Planning, & Balance Sheet Forecasting 
  • Compliance and Regulation
  • Sales & Operations Planning
  • Financial Statement Analysis
  • Time Value of Money
Focus Course-Cost Analysis for Wine Business

By helping students develop an accurate understanding of the true costs of their product this course will enable students to build sustainable and profitable pricing strategies for various wine business models. Upon completion of this course students will understand the basic differences between various cost accounting methods and be able to calculate cost of goods sold.

Topics Covered:

  • Cost Accounting Methods
  • Pricing Strategies
  • Margin Analysis
  • Inventory Tracking