Assignment 4: Replacing a Legacy Application
Assignment 4: Replacing a Legacy Application
Case Study
Strayer University
ACC 564
June 9, 2013
Dr. Daniel Acheampong
(1) Changing to a New System
“Because we live in a highly competitive and ever-changing world, at any given time most organizations are improving or replacing their information systems” (Romney & Steinbart, 2012, p. 579). As an organization needs change due to increase competition, regulations, business growth and other reason and company needs to respond by also changing its system in order to meet the needs of the business. The need for changing to a new system helps the business because the new system has much more capabilities then the older system allowing the company to be able to perform business more efficient and effectively. The need for changing to a new system helps to eliminate flaws and system incompatibilities created by the old system.
“A reliable information system is a necessity for all companies. Companies must properly maintain accounts and detailed records or face unnecessary costs. A well-devised accounting information system, which ensures relevant and reliable information is reported in financial statements, benefits every type of company” (Pettir - Accounting, 2013). I believe that a company should change to new systems in order to keep up with technology and their competition. An updated “accounting information system can help businesses run better by providing timely information on internal operations” (Small Business-Chron, 2013).
A company should consider their budget and because accounting information systems can be very expensive to purchase and maintain. Firms should make sure that they can afford purchasing an accounting information system and set realistic expectations. Firms should also make sure that they accounting information system has been through tested by performing simulation before the system goes live to avoid any potential problems that could cause firm time and money. Firms should
Case Study
Strayer University
ACC 564
June 9, 2013
Dr. Daniel Acheampong
(1) Changing to a New System
“Because we live in a highly competitive and ever-changing world, at any given time most organizations are improving or replacing their information systems” (Romney & Steinbart, 2012, p. 579). As an organization needs change due to increase competition, regulations, business growth and other reason and company needs to respond by also changing its system in order to meet the needs of the business. The need for changing to a new system helps the business because the new system has much more capabilities then the older system allowing the company to be able to perform business more efficient and effectively. The need for changing to a new system helps to eliminate flaws and system incompatibilities created by the old system.
“A reliable information system is a necessity for all companies. Companies must properly maintain accounts and detailed records or face unnecessary costs. A well-devised accounting information system, which ensures relevant and reliable information is reported in financial statements, benefits every type of company” (Pettir - Accounting, 2013). I believe that a company should change to new systems in order to keep up with technology and their competition. An updated “accounting information system can help businesses run better by providing timely information on internal operations” (Small Business-Chron, 2013).
A company should consider their budget and because accounting information systems can be very expensive to purchase and maintain. Firms should make sure that they can afford purchasing an accounting information system and set realistic expectations. Firms should also make sure that they accounting information system has been through tested by performing simulation before the system goes live to avoid any potential problems that could cause firm time and money. Firms should