Wine business management tools (2019/2020)

Course code
4S003386
Credits
10
Coordinator
Riccardo Scarpa
Teaching is organised as follows:
Unit Credits Academic sector Period Academic staff
INVESTMENT ANALYSIS AND APPRAISAL IN THE WINE BUSINESS 5 AGR/01-AGRICULTURAL ECONOMICS AND RURAL APPRAISAL not yet allocated Riccardo Scarpa
FINANCIAL STATEMENT ANALYSIS AND PLANNING 5 SECS-P/07-BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES not yet allocated Sara Moggi
Alessandra Pagani

Learning outcomes

The course introduces students to accounting and provides knowledge on to the preparation, composition, reading and analysis of wineries financial statement according to international standards. The course considers also costs analysis and evaluation and sustainability measurements for wineries. The objective is to provide students with the principles guiding the analysis of investments in the various activities of the wine-production sector. The teaching is developed from the teaching of the principal topics in financial maths (simple and compounded interest, discounting, present value calculation of different capital flows, periodicities, and capitalisation). Each of the topics is contextualised to the wine-production sector (hanging fruit valuation, vineyard cycle, circulating capital, etc.). The course proceeds also with the introduction to the concepts of risk and uncertainty in the returns from investments in the firm and outside the firm, to diversify risk. Various risk profiles from investment and portfolio composition techniques are discussed for various forms of wine-production firms, depending on the output market, production structure, and forms of competition. Students will be exposed to a review of the various financial products (shares, bonds, and securities) focussing on the difference between market and subjective valuations. Rural estate appraisal concepts will also be covered, such as market value and its determinants, change value and substitute value.

Reference books
Author Title Publisher Year ISBN Note
Katherine L. Christ, Roger L. Burritt Critical environmental concerns in wine production: an integrative review Journal of cleaner production 2013