List and describe the major steps a business should follow in developing a new accounting information system (i.e., the phases of the system’s development life cycle). Be thorough in your answer
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List and describe the major steps a business should follow in developing a new
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- Draft a recommendation directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations.THE IMPACT OF ACCOUNTING SOFTWARE ON BUSINESS PERFORMANCE: develop a conceptual framework. Give possible explanation of the frameworkSome guidelines should be followed while creating an accounting information system. Each of the concepts should be identified and explained.
- Describe an accountant’s role Systems Development Life Cycle (SDLC)?Discuss briefly the importance of involving accountants in the detailed design and implementation phases of the Systems Development. What tasks should they perform?Discuss the importance of involving accountants in the detailed design and implementation phases. What tasks should they perform?
- Discuss the key factors that should be considered when designing a management accounting system.Reviewing high level processes, interviewing, understanding the business is part of the _____ phase. Group of answer choices Survey Planning Work program ReportingSome principles should be followed in the development of an accounting information system. Identify and explain each of the principles.
- Recommend how projected financial statements and other measures of business performance could be used by your organization to evaluate its activities and processesWhich of the following statements is the best definition of an accounting information system? A. A framework that uses computers to produces financial statements B. A framework that coordinates resources (components) needed to convert information into data in order to achieve objectives C. The management information system that generates various reports for management decisions D. A framework that coordinates resources (components) needed to convert data into information for decision makingUsing the data given in appendix 2, comment on the performance of the business.Include comments on internal business processes, customer knowledge andlearning/growth, and provide a concluding comment on the overall performance of thebusiness.