BUS30009 Industry Consulting Project: Cocky Valve Accounting Analysis

This project focuses on the accounting and financial aspects of Cocky Valve, a business planning to expand its operations. The analysis examines the company's revenue and costs, emphasizing the importance of accounting in the context of project management. The project aims to estimate the company's revenue and expenses, considering the current market situation, and to recommend steps for improving its financial position. The report covers key areas such as financial presentations, budget estimation, and forecasting growth in revenues and expenses. The project highlights the significance of accounting in supporting business growth and decision-making, providing a comprehensive overview of Cocky Valve's financial strategy and potential for expansion.

Running head: PROJECT MANAGEMENT
Project Management
Name of the Student:
Name of the University:
Author’s Note

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PROJECT MANAGEMENT
Transcript
The business of Cocky Valves is planning to expand the operations of the business and
the main product which is offered by the business is stainless steel. The scale of the business has
grown significantly during the period and therefore overall sales which is generated by the
business has enhanced significantly. The number of stores of Cocky Valves will be further
increasing asn the management of the company is planning to make full use of the growth which
is being achieved by the business in Australia. One of the most important area which needs to be
considered for ensuring proper records are maintained for the business, is accounting. The
overall growth in the scale of operations make accounting and financial presentations an
important aspect to consider for the project. The accounting for the business is vital aspect which
is considered by the group for analysis of the project management theme.
The accounting aspect for the project effectively considers all the sales revenue which is
generated by the business and all costs which is incurred for the project. The estimation of
revenue and costs of the business is an important aspect in the process of decision making for the
business. The process of accounting is important in estimation of a budget which would be
containing all the anticipated costs and revenue which is generated by the management of the
company. The group would be focusing and forecasting estimated growth in revenues and
expenses of the business considering the current market situation and also recommend steps
which can be applied for improving the financial position of the business. As the industry project
growths, the importance of accounting also growth simultaneously which is an important
constant which needs to be considered in the group project.

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PROJECT MANAGEMENT
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