Example of a Very Good Plan

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ICAS Report Planning Template Student Name Email address Phone number Case-Study or Work-Based Evidence? Introduction to business (Section 4) Which accounting function will you be reviewing? Overview of the business (PIC 1.3) How big is the business – staff, offices, turnover? The accounting function that I would be focusing on is the Purchase Ledger. ABC Ltd supplies a complete range of carpets and furniture to the general public. ABC Ltd has over 75 nationwide high street shops in all major UK cities and many large towns. ABC Ltd also has a 24/7 online shop which is on the head office site in Aberdeen. Over the past seven years the company has grown steadily and now has revenue of over £29 million. It employs around 400 full-time staff. Who are the businesses major stakeholders (internal and external) and why? Major stakeholders of the business could be anyone who has an interest in the business. The business is the sole supplier of a range of furniture. The relationship with this supplier is crucial to the success of the business due to the competitive advantage that it offers ABC. Accounts Department (PIC 1.1, 1.4) How big is the Accounts department? What is the purpose of the accounting function? What type of organisational structure is there? Where does the accounts department get its information from? How does the accounts department inter-relate with other departments within the business? At ABC Ltd the accounts department consists of the Finance Director, Company Accountant, General Ledger and Inventory Clerk, Accounts Payable Clerk, accounts receivable clerk, costing technician As well as payroll and personnel database clerk. The departments deal with the payments of invoices, comparing them to the purchase orders and the stock receipts. They also monitor the stock and requirement for purchase orders. The department is also responsible for the

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