The Systems Development Life Cycle

A structure that a business uses to collect, manage, store, process, retrieve, and report monetary information to accountants, consultants, high ranking corporate officers, or tax agencies is the vizor definition of an score information strategy. Accounting information remainss argon responsible for every facet of numerical data in a political party and a malfunction could potentially cause a disaster indoors the corporation. Accountants subscribe to diverse roles in wreaking with accounting information systems including design, implementation, usage, and ownership.These rolls supporter accountants keep track of a conjunctions budget and otherwise financial documents such as quarterly reports. Accountants also use the different information technology systems in a company to put together reports to persuade investors to keep their money in the company stock or persuade potential investors why placing their money in this company is a good financial decision. Thoroughly landing fielding a large accounting information system can be a very dense job for this reason, companies put together squads to analyze and handle the development work implementations to the different information technologies in a corporation.Systems study hosts begin with a formal compend of the technology in order to see what issues are present in the software or hardware, what implementations need to take place, and how to hold out with the repair or update. This step is known as the planning and investigation stage and is the first stage when determining the route to take when workings with the specific company technology. After this preliminary stage, and the systems study group is chosen, the epitome stage takes place to determine the strengths and weaknesses of the particular unit.The next stage, known in the book as design, is when the systems study group determines how to precisely remove a systems weaknesses while maintain the systems strengths. If I was working o n a project for a company, I would conjoin this exact model in determining how to gain optimal produce from an information system. The final stage in the systems development life regular recurrence is implementation, pass up, and maintenance and in this stage the company periodically checks on the information system to make sure it is still performing optimally.After make sure the implementation is properly installed, I would do a follow up examination every six months to make sure the system in functioning properly and to determine if further implementation unavoidably to take place to update the system. After the implementation is successfully installed and has been followed up on, the new mission is to locate further challenges the corporation may face, whether it be dated information systems, or the data produced by the information system that affects the company such as budgets and quarterly reports.Challenges that may face a company include loosing capital on technology that is not the or so efficient for the corporation, loosing capital on an unnecessary implementation or company investment, internal fraud, unseen information system malfunctions. When a system study group is formed and the steering committee, high ranking group of trespass managers that lead the project or projects, determines the best route for the study group to proceed, data should be gathered to properly assess the situation.The five sources of data come from reviewing existing documentation, observing the current system in operation, exploitation open and closed ended questionnaires, reviewing internal control procedures, and interviewing the different participants who have either worked with the system being implemented or done a similar job in the past. The data gathering and data analysis process can effectively reduce the chance of possible time to come challenges for the company or information system.Any system that is overage, costing the company more(prenominal) m oney than necessary or malfunctions needs to be replaced or implemented. If a system is outdated, competitor companies who have the same technology will update their systems and be at an advantage thus, if the corporation I was working for had outdated software, I would recommend an upgrade or replacement. Some system trading operations fees have the potential to bankrupt a company, especially if the technology is displace a large amount of energy.Malfunctions cannot be tolerated because they are a panic to important company data and financial paper work. The information held on an accounting information system is extremely important and any divergence of documentation would result for a copious amount of which would have to be carried out by managers in the human and production resources department as well as a tedious job for the company team of accountants and executives.