Imagine that your firm is looking to replace its AIS application. The AIS application has been around for 10+ years. You are a member of the team that will select the new AIS application. There is discussion among the team that the new AIS should only focus on producing financial statements while other reports should be designed and developed by the internal IT team. What are the advantages and disadvantages of following this advice?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  • Imagine that your firm is looking to replace its AIS application. The AIS application has been around for 10+ years. You are a member of the team that will select the new AIS application. There is discussion among the team that the new AIS should only focus on producing financial statements while other reports should be designed and developed by the internal IT team.
    1. What are the advantages and disadvantages of following this advice?
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