Wine business Economics (2009/2010)

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Course code
4S02041
Name of lecturer
Diego Begalli
Coordinator
Diego Begalli
Number of ECTS credits allocated
6
Academic sector
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL
Language of instruction
Italian
Location
VERONA
Period
1st Semester dal Oct 1, 2009 al Jan 31, 2010.

Lesson timetable

1st Semester
Day Time Type Place Note
Wednesday 2:30 PM - 5:30 PM lesson Lecture Hall B (Lebrecht) from Nov 2, 2009  to Jan 31, 2010
Thursday 2:30 PM - 5:30 PM lesson Lecture Hall B (Lebrecht) from Nov 2, 2009  to Jan 31, 2010
Friday 9:30 AM - 11:30 AM lesson Lecture Hall B (Lebrecht) from Nov 2, 2009  to Jan 31, 2010

Learning outcomes

The course deals with the basic principles of financial management. After discussing the need for financial skills in the running of a farm or other rural business in the wine sector, it examines the three indicators of the financial health of a business - cash flow, profit and capital - and the financial statements used to measure those indicators. It concludes with the principles of financial accounting, and the variations to meet specific needs, including those of the wine industry.

Syllabus

1. Theoretical framework
2. Cash Flow, Profit and Capital: Cash flow, Net profit, Profit statements, Capital, Capital statements, Depreciation.
3. Interpretation of Financial Accounts: Adjusting for realism; Interpreting the profit and loss account; Interpreting the balance sheet.
4. Management Accounts: Management versus financial accounts; Gross margin accounts; Full cost accounts; Allowing for cost behaviour; Pricing.
5. Variation from the Norm: Farm management accounting; Partnerships and companies; Voluntary/non-profit organizations.

Assessment methods and criteria

Written test