StudentShare solutions
Triangle menu

Accounting Systems Design & Development - Essay Example

Not dowloaded yet

Extract of sample
Accounting Systems Design & Development

Therefore, in an organization a steering committee plays the role of a decision maker (Shelly and Vermaat, 2010, p. 420). In the context of a system development project, the roles of the steering committee are as follows: The steering committee takes the responsibility for the feasibility of the project, developing the business plan. It ensures the scope of the project aligns with the need of the customers or the stakeholder groups. The steering committee also assists in the process of evaluation of project risks and the approaches of project risk management. The committee also provides guidance to those involved directly in the project. The guidance is offered mainly in the field of business issues related to the success of the project. (b) Discuss one advantage and one disadvantage of phased-in and direct switch-over implementation strategies. Solution: Phased-in implementation can be defined as a process of changeover from a preexisting system to a new one. The phased-in strategy has to move across a number of stages in order actually implement it. Advantages: Through the phased-in implementation process, it is possible to develop an overall implementation plan and further test it in small scale employing the production data. Apart from that, it also ensures establishing tractable and reasonable measures of success. Furthermore, it institutionalizes the process as it takes place. The changes in the process of implementation can be easily incorporated in the strategy through the process of familiarization. Also, the team members become the actual functional owners. The changes in this process are gradual and, therefore, easy to get accustomed to. Disadvantages: The biggest disadvantage of phased-in implementation strategy is that the process of implementation is very much time-consuming. Also, the implementation strategy is comparatively slower than the direct implementation strategy. The implementation process differs on a project-to-project basis. The impacts of the implementation are not visible readily and have to wait till the results appear. In this implementation strategy, it is very difficult to maintain the momentum of the team members until and unless a situation of urgency is reached. Direct Switch over Implementation Strategy The direct switch over implementation strategy is about the direct switchover from the old system to the new system (ISRD group, 2006, p. 315). Some of the advantages and disadvantages are illustrated below: Advantages: The process of implementation is extremely fast as compared to the other forms of implementation strategies. Sometimes, the implementation process is completed within a week or is implemented overnight. Disadvantages: Sometimes, huge delays may occur due to absence of any scope of reverting. The system becomes unfamiliar to the user. It does not provide any option by which the old and new systems can be compared. 2. Using the Table provided, classify the following control activities as general or application and explain your reasoning, (a) Employees have a password to gain access to the system. (b) When sales are entered the system retrieves customer details based on the customer number. (c) A check is performed to identify if all cheques can be accounted for. (d) Systems development is subject to signoff by the CIO before it can take place. (e) Virus definitions are updated daily. (f) The Sales Manager must approve all discounts ...Show more

Summary

Steering committee is referred to as advisory committee of the organization which consists of experts for offering guidance regarding the crucial issues of the company. The key issues are generally corporate objectives and policy, marketing strategy, budgetary control, allocation of resources…
Author : jonkassulke
Accounting Systems Design & Development essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Accounting Systems Design & Development"
with a personal 20% discount.
Grab the best paper

Related Essays

Integration of ERP Systems in Accounting Practice
This research is the best example of comparison of Organizational Theory Perspective; Agency Theory Perspective and Contingency Theory Perspective. The three different theoretical perspectives are similar since they all seek to explain the implementation of ERP systems in organizations and the subsequent accountability and management control issues.
10 pages (2500 words) Essay
Systems Development and Design
IT has allowed new business models to be implemented with the aid of flexible mechanisms which permit organisations to reach out to potential customers, connect their systems with suppliers and to support international operations. The application of IT has also established opportunities for organisations to concentrate on core procedures and abilities without facing any interruptions in the marginal fields of business (Paul & et.
8 pages (2000 words) Essay
Accrual Accounting Systems
This project will examine the deficiencies of the current cash-based, line accounting systems predominantly employed by SMEs, and argue for the transition to the Oracle accrual-based software accounting systems. While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.
10 pages (2500 words) Essay
Improving Performance Efficiency Among SMEs Via Accrual Accounting Systems
Given the space that SMEs occupying within developed economies and their importance therein studying the methods by which these enterprises can utilise IT tools to maximise organisational efficiency and effectiveness, and enhance organisational performance, is extremely crucial.
10 pages (2500 words) Essay
Accounting information systems development
However, recently the company has required a new client: a homeowner's association with a total of 150 homeowners.The firm has agreed to provide the homeowner's association with several services.
6 pages (1500 words) Essay
Accrual Accounting Systems
While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.
10 pages (2500 words) Essay
Systems Analysis & Design
will also indicate how different parts of the system would work together to provide Caledonian Hotel System with an information system that will enable them to manage its guest booking, including changes to bookings and cancellations, guest accounts, guest details for 18
20 pages (5000 words) Essay
Modern Accounting Systems
The modern business environment has altered radically within a short period of time. Business technology has highly developed business functions and acts to levels not believed feasible in the past. “The function of accounting and business is possibly one of the most dependable functions in business”.
4 pages (1000 words) Essay
Ccounting Systems Design and Development
The Royal Australian Mint might expect that the implementation of the new system would present better business improvements within the organisation. In this connection, the introduction of new system of information would permit their staff to be directly
8 pages (2000 words) Essay
The Systems Development Life Cycle
During the System Development Cycle of any system, it is important to establish the system requirements of the new system to be. To determine the accounting information system requirements, it was necessary to carry
3 pages (750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation