|Module / ECTS / Path / Specialisation||Module :International Wine Management : 19 ECTS.|
|Open for visitors||yes (3 ECTS)|
|Working language :||English|
|Volume of contact hours :||24 h|
|Workload to be expected by the student :||72 h|
Track : Attendance
|LEARNING GOAL 1 : Students will master state-of-the-art knowledge and tools in management fields in general, as well as in areas specific to the specialized field of management.|
|Students will identify a business organization’s operational and managerial challenges in a complex and evolving environment.|
|Students will understand state-of-the-art management concepts and tools and use them appropriately.|
|LEARNING GOAL 2 : Students will develop advanced-level managerial skills.|
|Students will work collaboratively in a team.|
|Students will participate in a decision-making process in a critical way.|
|LEARNING GOAL 4: Students will study and work effectively in a multicultural and international environment.|
|Students will analyze business organizations and problems in a multicultural and international environment|
The course is divided in two parts: Law and accounting/finance.
First part of the course is be dedicated to an introduction to the regulation of the production and marketing of wine. In particular, the course is devoted to analyzing the regulatory framework concerning the notion of wine and grapevine products, the discipline of oenological practices, the labelling and presentation of wine. It then delves into the regulation of geographical indications for wine, using also some cases recently decided by the EU Court of Justice to further illustrate the complexities of this field. A comparative methodology, highlighting similarities and differences between the EU and North America in the regulation of labels and geographical indications is adopted.
Second part of the course focuses on the purpose of accounting specifically applied to the wine industry. The course is designed to help participants to master the basic concepts in accounting and finance: working capital, working capital requirements, cash, read and understand the financial statements (balance sheet and income statement) of companies in the wine sector
Active participation by the students is required.
- Describe legal regulation concerning the production and marketing of wine
- Identify concepts about accounting, finance and law that are crucial for the wine industry
- Apply accounting, financial and law knowledge acquired to specific cases and practical exercices
- Appraise majors challenges of wine regulation and legal context of wine business
- Discuss critically law case decisions and annual accounts
- Compare different international accounting standards
- Question existing legal frameworks
In the first part of the course, students will analyze some preliminary legal issues concerning the notion of grapevine products and wine, how oenological practices are regulated, how products are labelled. In the second part, students will deal more in detail with the discipline of geographical indications for wine, with particular reference to their regulation in Europe, North America and at the global level.
In the second part of the course, students will build a balance sheet and income statement to determine working capital, working capital requirements and cash flow. Then, they will learn about the financial statements of companies in the wine sector to learn how to read them and identify key points. Finally, they will write a summary note.
Key concepts to understand are related to:
- the role of law in producing and marketing grapevine products, the differences in regulation across different legal systems, the impact that this has in the export of wine.
- the role of accounting and its impact on the presentation of financial statements of companies in the wine sector.
M. Ferrari, The Narratives of Geographical Indications, in International Journal of Law in Context, 2014, 222-248.
T. Broude, Taking « Trade and Culture » Seriously : Geographical Indications and Cultural Protection in WTO Law, University of Pennsylvania Journal of International Economic Law, 2005, 623-692.
Wiley IFRS 2012: Interpretation and Application of International Financial Reporting Standards Auteurs : Bruce Mackenzie, Danie Coetsee, Tapiwa Njikizana, Raymond Chamboko, Blaise Colyvas ,Brandon Hanekom
D. Gangjee, Relocating the Law of Geographical Indications, Cambridge, Cambridge University Press, 2012.
Alistair Brown, The Legal/Accounting Milieu of the French Wine Industry, The Wine Industry - Volume 12, 2010
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