Module 3 – Assets

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Use these worksheets to practice

Activity – Chalone Financials

Activity – Metrics Practice

Activity – Inventory Days for SKUs

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Strategy & Planning for Wineries
- Module 1 – Introduction
  - Welcome
  - Identify the functions of the accounting team
  - Discuss the Strategy and Planning Continuum
- Module 2 – Profit
  - List the common misconeptions about profit
  - Recognize the danger in using Tax costing
  - Learn to focus on Gross Profit
  - Identify the sections of a profit & loss report
  - Calculate Profit Margin ratio and Gross Profit ratio
  - Discuss how the sales mix affects the net profit
  - Compare the Profit Margin for several wineries
  - Identify strategies that increase profit
- Module 3 – Assets
  - Learn how to monitor Assets so they stay in balance
  - Identify the sections of a Balance Sheet
  - Calculate the Return on Asset Ratio
  - Compare Inventory Days for several wineries
  - Apply the Inventory Days worksheet to your inventory
  - Calculate Accounts Receivable Days
  - Identify strategies that keep Assets in balance
- Module 4 – Cash
  - Describe why cash flow flucuates wildly
  - Explain what the Statement of Cash Flows is for
  - Identify the sections of a Statement of Cash Flows
  - List 3 sources and 3 uses of cash
  - List 2 more sources and 3 more uses of cash
  - Analyze a Statement of Cash Flows
  - Identify strategies that increase cash
- Module 5 – Growth
  - Compare Growth for different size wineries
  - Identify the main strategy issues for each growth stage
- Module 6 – People
  - List 12 common non-financial metrics
- Module 7 – Flash Reports
  - Create a Balanced Flash Report
- Module 8 – Fini
  - List your next steps
- Downloads

Module 3 – Assets

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