PwC Cyprus Accounts Department Internship Project Report

This report details an internship project undertaken at PwC's accounts department in Cyprus, focusing on accounts receivables and payables. The project involved a team of professionals and interns, aiming to reconcile accounts for a client company within a 14-day timeframe. The report covers project management aspects, including project deliverables, stakeholders, communication, timeline, resources, costs, and budget. It also analyzes project risks, barriers faced, and strategies implemented to overcome them. The report concludes with recommendations for future improvements, emphasizing the importance of experienced team members and standardized processes. The document offers a comprehensive overview of the internship experience, highlighting practical applications of accounting principles and project management methodologies within a multinational professional services environment.

INTERNSHIP PROJECT
AT PWC’S ACCOUNTS
DEPARTMENT
Student Name:
Student Number:

OVERVIEW OF THE
PRESENTATION
•Introduction
•Project Management
•Project Deliverables
•Project Stakeholders
•Project Communication
•Project Timeline
•Project Resources and Capabilities
•Project Costs and Budget

OVERVIEW OF THE
PRESENTATION
•Project Risks
•Barriers Faced and strategies to overcome them
•Conclusion
•Recommendations
•Conclusion
•References

INTRODUCTION
The implementation of the project requires confirmation of deadlines and receipt of
project participants.
In this current project internship experience for project have been. The project had
been undertaken at PwC, Cyprus.
PricewaterhouseCoopers International Limited is a multinational company that offers
professional accounting services.
Based in London, the company is the second largest professional services company in
the world.
It works with online companies in 158 countries and is headquartered in 721
locations.
The company employs more than 250,930 people worldwide.
Its services include consulting, security, tax advice, data and analysis, tax disputes,
strategic advice, financial advice, actuarial and legal services.

PROJECT MANAGEMENT AT
PWC
The company offers many students with internship opportunities.
The current project deals with accounts receivables and payables at PwC, Cyprus.
These accounts refer to a client company based in Cyprus and the deadline to complete the account
is 14 days.
There is a team that handles account transactions, and each employee is assigned a role.
The manager after monitoring the progress of the project, assigned the project to a 10 team
members, 8 of whom were professionals and 2 students were interns.
The aim of the project is to reconciliation accounts receivables and payables at the organization.
To achieve this aim, the objectives of the project are:
Project Objective1: Preparation of accounts receivable and liabilities of the company
Project Objective 2: Advice on various services on information on existing companies, in particular
credits and liabilities related to credits and liabilities for unpaid accounts
Project Objective 3: Information from previous records and other departments corresponds to credits
and liabilities.

PROJECT ORGANIZATION
STRUCTURE/HIERARCHY
PwC
Director
Senior
Associa
te
Manage
r
Associa
te
Project
Leader

PROJECT DELIVERABLES
The main projects of the project are :
Develop requirements on the specific software
Check each record for errors and make sure there are significant
differences in the above records
Consult departments ask for data and information available to
users
Coordinating account differences and communicating via email and
meetings to give the team an idea of the customer
Publishing reports drawn up to advise against possible
inconsistencies;

PROJECT STAKEHOLDERS
Like any project, this project too has internal and external
stakeholders (Kerzner, 2017).
Major external participants in the project are customer companies,
government agencies, credit rating agencies, financial institutions,
banks and the general public.
The internal stakeholders of the project are business managers,
project managers, team managers, managers, employees and
trainees.

PROJECT STAKEHOLDERS
ANALYSIS
Power/ Influence
Keep them satisfied
o Client Company
o Director
o Project Leader
Manage closely
o Senior Associate
o Manager
Keep an eye (Monitor)
o Associates
o Interns
Keep them informed
o Financers
o Bank
o Credit Rating agencies
o Governmental bodies
Interests/ Impact

PROJECT COMMUNICATION
An important part of the project's communication is undertaken by the project manager of the projects
(Meredith, Mantel Jr, and Shafer, 2017).
The administrator shall certify the notification of the project in writing and orally.
The project memo is outlined and sent to the project team so that one can see the progress of the
project and determine the route accordingly.
The project manager regularly introduces meetings to understand the people involved in the task and
roles associated with team members.
Meetings are held regularly with the project team to inform the objectives and results described in the
project. Internal stakeholders and project team members communicate via email and intra-discussion.
Meetings were held with the panel to discuss the problems and strategies of the project to combat it.
Once approved by the Company's Director, the project party informs the external interested party
through a communication.
Regular contacts with the customer company guarantee the implementation of the project, as the
customer expects.

PROJECT TIMELINE
A project timeline is essential such that the project objectives and
goals can be achieved within the designated timeframe.
Since the project is completed within two weeks, the project plan
should be planned and developed accordingly.
The project plan was developed by the Manager and according to
the team members agreement.
Team members create suggestions so they can achieve their goal
accordingly.

PROJECT TIMELINE
Project Heads
Timeline
0-5 day 5-7 day 7-10 day 10-12 day 12-14 day
Project Definition &
Objectives
Ascertainment
Project team roles
assignment &
stakeholder analysis
Project budget and
cost ascertainment
Monitoring & review
of project
Project completion
and evaluation