
What is systems development?

To explain: Systems development.
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
Explanation of Solution
Systems development:
It is the process of designing, defining, testing and implementation of a new program or process or a software. The system can be internally developed by the host organization itself, or by the creation of new database systems, or by acquiring a software developed by third parties. The kind of system developed will vary according to the different organizations and the field they are working.
Want to see more full solutions like this?
Chapter 17 Solutions
Bundle: Accounting Information Systems, Loose-Leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
- What is the difference between a bond's coupon rate and its yield to maturity (YTM)?arrow_forwardWhat is the difference between a bond's coupon rate and its yield to maturity (YTM)? Need helparrow_forwardHow do you calculate the net present value (NPV) of a project, and what does it indicate? Need helparrow_forward
- How do you calculate the net present value (NPV) of a project, and what does it indicate?arrow_forwardHow do you calculate the internal rate of return (IRR) for an investment, and what does it represent?helparrow_forwardHow do you calculate the internal rate of return (IRR) for an investment, and what does it represent?arrow_forward
- Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub

