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Month 3 Present financial CFO, CEO Prepared financial

statements and audit statements, Audit
findings to the board of reports
directors
Month 2 Implement new financial Legal Department, Legal resources,
FOR ONLINE READING ONLY
regulations as required by Compliance Team Compliance tools
law in different operating
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countries
Table 10.1 outlines the specific month for each activity. It also provides a description of
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each task, assigns a responsible party, and lists the resources needed to complete each
task. This format helps to clearly explain the structure and contents of an accounting
work plan. It is important to note that, this is just a generic template – the specifics
of real business accounting work plan will depend on the nature and activities of the
organisation that also defined the accounting activities of that organisation.
Now, let us have a look at Table 10.2 that focuses on the structure and contents of an
accounting action plan.

Table 10. 2: Generic Sample of an Accounting Action Plan

Action Item Description Responsible Start End Date Resources
Party Date Needed

Collect Manage all Annagrace January February Receipts,
business accounting Jason 1 , 2024 29 , 2024 Invoices,
st
th
accounting transactions payment
transactions vouchers
Reconcile Reconciling Omary March March 30 , Accounts
th
accounts account Kisambo 1 , 2024 2024 Payables
st
payable and payables Account
receivable and account receivables
receivables
Prepare Compile Julian Masao April 1 , April 30 , Financial
th
st
Financial and prepare 2024 2024 data,
Statements financial accounting
statements for software
the fiscal year.

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