Accounting costs without a cost accounting system: the case of a small Italian winery of excellence

Lucia Biondi, Carmela Gulluscio, Andrea Rossi, Lidia D'Alessio

Abstract


The need to face growing competition, especially from emerging countries, and the uncertainty of performance, influenced by economic, climatic and environmental conditions, require wineries to accurately determine and control the costs of their products.

However, many of them are small-sized, often family-run businesses (such as in Italy), and may not be able to afford to implement cost accounting systems.

In this context, this study proposes a model to determine the full cost of a bottle of wine, starting from financial accounting information. To this end, the case of a small-sized, family-run, Italian winery of excellence is analysed.

The originality of this paper lies in its theoretical and practical implications. Within this stream of research, it provides a contribution to tackle the accounting and evaluating issues raised by such a product. Moreover, it can be used by wineries and insurance companies to improve their knowledge on the wine production cost.


Parole chiave


wine sector, cost accounting, management control

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DOI: http://dx.doi.org/10.14596/pisb.283

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