WISE #203 Demystifying Finance & Accounting

This course is designed for non-financial people who want to understand business financial reports or budgets. It is ideal for anyone who is managing or controlling costs or who is accountable for financial or team results.

  • 05
    Sep
    Sept. 5, 6 & 10
    Online
    Session information
    Sessions
    Session 1
    Thu 05 Sep 09:00 PDT - Thu 05 Sep 12:00 PDT
    Online
    Session 2
    Fri 06 Sep 09:00 PDT - Fri 06 Sep 12:00 PDT
    Online
    Session 3
    Tue 10 Sep 09:00 PDT - Tue 10 Sep 12:00 PDT
    Online
    • $500.00 excl. Tax
  • 10
    Dec
    Dec. 10, 11 & 13
    Online
    Session information
    Sessions
    Session 1
    Tue 10 Dec 09:00 PST - Tue 10 Dec 12:00 PST
    Online
    Session 2
    Wed 11 Dec 09:00 PST - Wed 11 Dec 12:00 PST
    Online
    Session 3
    Fri 13 Dec 09:00 PST - Fri 13 Dec 12:00 PST
    Online
    • $500.00 excl. Tax
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Description

Part of the WISE Leadership Series, this full-day-equivalent crash course demystifies finance and accounting for non-accountants. The financial fluency taught in this course is foundational to all WISE Level II coursework. This course is designed to take the mystery out of winery accounting and make sense of the three main financial statements. Attendees will work with a sample company as they learn to become comfortable with the language of business. In addition to understanding the three bottom lines, attendees will also learn how to evaluate options, work with key ratios, and spot red flags in financial statements. Attendees will leave this class with a new appreciation for the financial challenges of owning a winery, their role in supporting overall financial results, and the importance of asking questions.

Topics covered include:

  • Accrual versus cash
  • The matching principle and how it impacts the bottom line
  • The three bottom lines
  • Costing methods
  • Book versus tax accounting
  • Key metrics and measures
  • How to find out where the money went in your winery
  • Ratios

Certification Requirements

No certification is offered for this class