• 01Mar

    How to account for the great wines bought en primeur in the ultimate goal of achieving capital gains, even as the activity of the company is totally different?

    The Irenas Bookkeeper studies of the CNCC (CNCC bulletin No. 167) examined the case of a joint stock company, developing a debt collection activity, with significant surplus cash consecutive to the development reserves of the Company’s profits. The company wanted to put these surplus by diversifying its holdings by acquiring wines en primeur in the ultimate goal of achieving capital gains

    The Commission accounting studies was first recalled that the wines in investment transactions purchased en primeur must not be contrary to the objects of the company.

    The Commission found that the transaction of purchase and resale wine matching of surplus cash investments, although it is not related to the operation as such the company, can be considered a related activity or incidental to its normal core business. By acquiring wines for resale, the company objectives and constraints similar to those of a wine merchant. The company plans to keep the wine acquired in the ordinary course of the ancillary activity in the same conditions as a wine merchant and sell them just as a wine merchant.

    The Commission recalled that individualization default, the ownership of the acquired wine can not be transferred. The property will be transferred from the seller to the purchaser at the time when the wines are individualized. Moreover, it is only at this individualization that the risks pass to the merchant winemaker, unless otherwise stipulated. Accordingly, advance payments during the various primeur wines controls are to be recorded in debt to current assets in an account “Advances and prepayments on delivery obligations.” Then as soon as the company becomes the owner of wines, these are to be recognized in merchandise inventories to current assets. These en primeur wine trading operations therefore will impact the operating result at the shopping accounts, changes in inventories and sales.

    Moreover, the commission says that detailed information on this accessory activity must be provided in the notes to the financial statements .
    En savoir plus sur https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://business.lesechos.fr/entrepreneurs/gestion-finance/10024991-comptabilisation-des-placements-en-vins-des-societes-34635.php&usg=ALkJrhiJy-XVTtxS9NVToV8IxOIionHrAg&iMel8Ur5wXkwstXq.99

  • 17Feb

    How Do You Make A CURRICULUM VITAE FOR WINE INDUSTRY?

    It starts from a generic template curriculum, to which we add a specific section on our interests.

    The aspects covered are:
    - Personal information: Full Name, Address, Telephone Number and Email Address and specify if you have a driving license.
    - Academic Data: here we start from the school to the last track or course we have made, specifying the dates of beginning and beginning the learning center and middle grades.
    - Additional Training: This is review all courses of any kind we have made, specifying dates, duration and teaching center.
    - Languages: specify the level of language that we both spoken and written.
    - Professional experience: detail all paid jobs we have made ​​specifying the business, start and end dates, type of contract, job busy workday and functions.
    - Experience with professional content: will detail activities that we have done that may contain experiences with professional value, such as playing sports, aid in a family business, participation in association activities or volunteer work, etc.
    - Computers: our level of computer management outlined.
    - Positive attitudes and skills related to work: Aspects such as self-sacrifice, like working, learning ability, constancy tests can be used here vocational guidance.
    - Areas for improvement: we include those attitudes and skills that have not sufficiently developed. Similarly as in the previous point we can assert tests.

    To analyze our strengths and weaknesses, make a list:

    - Made your list, ask yourself: Others see you too so ?: You may have a misperception, why ask 3 or 4 companions with whom you work usually write your strengths and weaknesses, but to be honest . Remember that it is better to know, so write what you write, you should not bother.

    - Finally we should remember that when making extensive curriculum must take into account that essentially has a value of self, so it is also necessary to make a work of memory and thorough compilation of our professional history, be especially sincere.

    CURRICULUM VITAE SAMPLE by Resumes Perth

    - Personal information:
    Email: pedro@urbinavinos.com
    Date of Birth: 31 Jan 1979.

    - Personal statement:
    I am a self-motivated and hardworking person. I can take initiative and work as part of a team. I have excellent communication skills and leadership and am good at problem solving.

    - Education:
    2004-2005 Technician Development of Wines: IES Dukes of Najera, Logroño (La Rioja – Spain)
    1999-2003 BS Business Administration / Marketing – Business Studies (San Jose State University, San Jose, USA)
    1998-1999 Ukiah High School, USA

    - Work Experience:
    2014 Appointed new member of the “Brotherhood of Rioja wine.”
    2012 Partner of the “Diario La Rioja”. Spreading the culture of wine full page. Seventh oldest newspaper in Spain that publishes and distributes since 1889, with a current circulation of about 16,000 copies a day.
    2010 Appointed member of the “Association of sommeliers from Rioja”.
    2009 Nominated Golden Nose La Rioja (Sommelier Competition and most prestigious wines Spain): Over 400 working professionals attend each year to become the new Golden Nose.
    2006 Appointed member of the Committees Tasting the Regulatory Council of the Denomination of Origin Rioja.
    2005-2014 Bodegas Urbina (La Rioja – Spain): Head of Sales; Development and production of wine; Maintenance of the vineyard.
    Bodegas 2003-2004 Frey (California – USA): Organization and presentation of tastings; Representative at trade shows; Winemaking and wine production; Maintenance Vineyard

    GENERAL CHARACTERISTICS OF THE SECTOR IN THE NEWS

    In recent years has greatly reduced the area under vine in the territory of the European Union, increasing, however, in other parts of the world such as South America and Oceania. All these circumstances have contributed to increased competition in international markets.

    The Spanish wine sector is the largest in the world by acreage and third in production level. According to the National Institute of Statistics, this consists of about 5,000 companies that employ about 20,000 workers.

    Over 50% of these companies have less than 9 employees template. Self, meanwhile, represent a major proportion of the total, being small businesses (over 10 employees) and large (greater than 50 staff) less frequent.
    - Large companies: Opt for a similar existing model in the new world wine diversifying production and minimizing risk.

    - Small and medium enterprises: focus their activity on quality products and alternative marketing networks, requiring them to use techniques of environmental protection and ecological use natural products. Sales of its products are mainly channeled through specialty stores or more restricted circuits where there is a lot of contact with the customer.

    - Cooperatives: These are engines of rural development they have to make an effort to modernize and seek ways to improve profitability and quality.

    THE FUTURE OF THE WINE SECTOR

    The incorporation of information technology and communication will facilitate a series of technological changes in different companies:

    - Increasing mechanization of production and quality control.
    - Implementation of information technology and communication in the sales area for better customer service.
    - Greater control and automation warehouses.
    - Implementation of systems EDI and design of web pages as marketing support to bring products and processing consumer.

    This implies that in this sector is demanding a hand of increasingly qualified with knowledge of information technology, communication and open to innovation spirit works. In addition to sharing with these objectives, traditions and values.

    The profession evolve into:

    - Increased awareness on all issues related to the environment.
    - The demand for increasingly skilled professionals.
    - The introduction of more modern forms of organization, open to innovation and intensive use of information technologies and communication.
    - The requirement of having more versatile professionals capable of assuming different functions related to their field of work.