The certified public accountant specializing in viticulture secures the wine property acquisition by accompanying the investor during the following three stages:
1- Before the Decisive Acquisition
Prior to any purchase or investment decision, it is essential to :
- Ensure that the accounts presented reflect an accurate and unbiased view of the accounting and financial situation;
- Perform a thorough financial risk analysis and quantify the ensuing financial consequences.
To this end, the certified accountant carries out two audits:
- A tax and accounting audit;
- A social and payroll audit.
Depending on these audit outcomes, the investor can decide with full knowledge of the facts whether to pursue the acquisition process.
Concurrently with these audits, the certified accountant assists the investor in drawing up multiyear business and financial planning and budgeting. These are necessary documents, particularly for any banker who may be called upon to set up financing.
2- At the Deeds Signature
Based on financial elements that fluctuate, the final purchase price is often determined at a later stage.
It is, therefore, up to the certified accountant to audit the final accounting situation used to establish the purchase price value.
Furthermore, the certified accountant should collaborate with the lawyer and the notary in the acquisition’s legal and fiscal scheme and framework.
3- After the Acquisition
Having advised the investor during the previous stages, the certified public accountant has become his privileged adviser, given his global vision.
Hence, he shall continue to assist on the more conventional and recurring missions, namely:
- Keeping and/or reviewing the accounts;
- Establishing and monitoring analytical cost accounting, determining cost prices and valuation of stocks;
- Establishing periodic updates as well as annual balance sheet, income statement, and related tax returns;
- Assisting with the production, harvest, and stock movement declarations;
- Establishing provisional budgets and financing plans
- Establishing intermediate accounting situations and relevant management reporting;
- Providing services in labor law (employees’ payslips and related periodic and annual social declarations, employment contracts, monitoring of labor law regulations, etc.);
- Providing secretarial & legal services for yearly corporate compliance obligations ; etc.