Il bilancio 15/ed
Analisi economiche per le decisioni e la comunicazione della performance
di: Robert N. Anthony, David F. Hawkins, Diego M. Macrì, Kenneth A.
Lecture notes on Moodle:
- The production functions of agricultural economics - The production costs;
- The balance sheet;
- Elements of financial mathematics.
Knowledge acquired: objective is to give the skills and knowledge regarding the wine market sector, thus considering the peculiarities of the farms, the instruments both for the analysis of the their economic balance sheet.
Concepts of agricultural law, wine legislation and analysis of the main specificic regulations and characteristics of the subject.
Competence acquired (at the end of the course):
economic analysis wine market sector and economic balance sheet
Main notions of agricultural law,wine legislation and to be in possession of self-sufficient skill in searching for law source and comprehension of law texts.
Technical ability: working inside a wine firm as a technician able to follow properly the whole business activities related to processes belonging to the business.
Rules placement, knowledge of the main wine regulations, analysis capability.
Total hours of the course (including the time spent in attending lectures, seminars, private study, examinations, etc...): 150 (= 6 x 25)
Hours reserved to private study and other indivual formative activities: 102
Contact hours for: Lectures (hours): 26
Contact hours for: Laboratory-field/practice (hours): 22
Frequency of lectures, practice and lab, although non compulsory, is strongly recommended
Type of Assessment
Verification method: in itinere written tests and final oral exam.
Who has not passed the financial mathematics occurs during the course will have to make the script before taking the oral exam.
The in itinere written tests aim to assess the learning process and the state of knowledge in relation to the programme.
The final oral test aims to assess the ability to apply the knowledge acquired. In the event of failure to pass the in itinere written tests, the oral examination will also be aimed at assessing the overall knowledge.
The answer to specific questions on the topics of the lessons, together with an appropriate use of the language, will demonstrate the achievement of the level of knowledge required.
The capacity to apply knowledge will be demonstrated through both the ability to solve problems withing the topics of the in the course and the ability to reflect and argument on the knowledge acquired.
Introduction to economics and to business economics. The discriminating elements of the farm, the aims, the functioning and the formation of the values. The peculiarities of the farms: production and production inputs. The production functions of agricultural economics. The farmer's aims. Determination of the profit and of the net income. The choices in the farm management. The production costs. Elements of financial mathematics. Hints of industrial accounting. The accounting balance sheet. The balance sheet. Hints on the accounting systems of business transactions. The recording of revenues according to the accrual basis. The profit and loss account and the measurements of the costs. The provision for the consumption of fixed capitals. The financial and functional reclassification of the balance sheet. The monetarization of the unexpended balance and the cost of the sold. The main budget indexes: ROI (Return on Investment) and ROE (Return on Equity). A few indexes for the investment evaluation: Net Present Value (NPV) and Internal Rate of Return (IRR).