#1141 BUS 846W Financial Management and Strategy

Course Description

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.

Prerequisites

It is recommended that students are currently involved in wine business or have prior wine business experiences.

Course Goals

The course will give the student a working perspective overview of the wine business. At the end of the course, the student will be able to:

• Sharpen hard skill competencies, including data retrieval and analysis and the creation of a financial plan for a business in the wine industry.
• Explain the different types of financial and business structures in the wine business.
• Analyze market entry and exit timing and strategies.
• Value a wine business and understand the mergers and acquisitions process.
• Refine his or her understanding of wine industry financial statements and the relevant principles of accounting.
• Understand the various tax pressures and requirements that affect the wine industry.
• Grasp the need to remain compliant in today’s regulatory environment and the challenges associated with that.
• Select an appropriate pricing strategy for products and analyze sales and marketing efforts.
• Perform basic financial planning and analysis tasks for wine businesses.
• Draw on various materials provided in this course to perform the tasks their careers demand.