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Dec 04, 2024
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VEN - 188 Wine Finance
Class Hours: 3 Lab Hours: 0 Credit Hours: 3
When Offered: On Demand
Prerequisite(s): None
Corequisite(s): None
Local Prerequisite(s): None
Local Co-requisite(s): None
This course provides an overview of wine finance. Emphasis will be placed on creating an expenditures plan for harvest, fermentation and finishing & packaging; bookkeeping for direct-to-consumer sales and three-tier wine distribution; understanding inventory management and alternative revenue streams; and managing cash flow over a 36-month production period. Upon completion, students should be able to budget for wine operations over an extended production period, understand federal and state excise taxes, and successfully manage winery and tasting room cash flow.
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