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Finance assignment

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Question;Homework Assignment;Migrating to a new accounting;information system is not an easy task. Many firms have struggled with this;process, even though our textbook makes the process seem quite straightforward.;Recently, IBM recapped some of the lessons learned in migrating to a new;accounting information system within the federal government. These lessons can;be applied to any accounting information system project. Others have developed;their own recommendations for best practices and lessons learned involving;implementing accounting information systems. However, in order to appreciate;what IBM and others are proposing, we need to apply lessons learned to a;real-life situation involving the failure to implement an accounting system;properly.;For this;assignment, research the Internet or Strayer databases for information related;to a real-life accounting information system failure and best practices, as;well as lessons learned from implementing the accounting system. In addition to;information that you may find during your research, please use the following;IBM article to complete the assignment: (http://www.businessofgovernment.org/article/what-we-know-now-lessons-learned-implementing-federal-financial-systems-projects).;Write an eleven to thirteen (11-13) page paper in;which you;1. Identify four;to six (4-6) factors that contributed to the accounting information system;failure within the business that you have identified. Indicate the impact to;the business. Provide support for your rationale.;2. Assess senior;management responsibility for the failure in question. Specify what the senior;management could have done differently to avoid the failure. Provide support;for your rationale.;3. Evaluate;whether the most significant failure occurred within the system design;implementation, or operational phase of the process. Indicate what the company;could have done to avoid the failed outcome. Provide support for your;rationale.;4. Evaluate how;implementing best practices would have reduced the chances for failure. Provide;support for your rationale.;5. Based on your;research, develop a list of between five (5) and seven (7) best practices that organizations;should use today to reduce the chances for failure. Provide support for your;rationale.;6. Using the;information provided by IBM and others, indicate which of the principles;designed to provide insight into effective and efficient strategies on how to;best deploy financial management systems, which were outlined within the;related article, should serve as an example of what not to do when establishing;the foundation for a firm to follow. Your proposed foundation should consist of;at least two (3) principles, but no more than six (6). Provide support for your;rationale.;7. Use at least;five (5) quality resources in this assignment. Note: Wikipedia and similar;Websites do not qualify as quality resources.;Your assignment must follow these requirements;1- Thoroughly;identified four to six (4-6) factors that contributed to the accounting;information system failure within the business that you have identified.;Thoroughly indicated the impact to the business. Thoroughly provided support;for your rationale.;2- Thoroughly;assessed senior management responsibility for the failure in question.;Thoroughly specified what the senior management could have done differently to;avoid the failure. Thoroughly provided support for your rationale.;3- Thoroughly;evaluated whether the most significant failure occurred within the system;design, implementation, or operational phase of the process. Thoroughly;indicated what the company could have done to avoid the failed outcome.;Thoroughly provided support for your rationale.;4- Thoroughly;evaluated how implementing best practices would have reduced the chances for;failure. Thoroughly provided support for your rationale.;5- Thoroughly;developed a list of between five (5) and seven (7) best practices that;organizations should use today to reduce the chances for failure, based on your;research. Thoroughly provided support for your rationale.;6- Thoroughly;indicates which of the principles designed to provide insight into effective;and efficient strategies on how to best deploy financial management systems;which were outlined within the related article, should serve as an example of;what not to do when establishing the foundation for a firm to follow, using the;information provided by the IBM and others. Thoroughly provided support for;your rationale.;7- Exceeds;number of required references, all references high quality choices.;The specific course learning outcomes associated;with this assignment are;-;Analyze the business;activities that comprise an accounting information system to determine the;information needs to support decision-making function.;-;Examine the phases of;the systems development life cycle and key issues related to systems analysis.;-;Analyze the systems;design, implementation, and operational process.;-;Use technology and;information resources to research issues in accounting information systems.;-;Write clearly and;concisely about accounting information systems using proper writing mechanics.

 

Paper#49738 | Written in 18-Jul-2015

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