As an accounting professional, why is it important for you to know about SDLC and system development methodologies?

What will be an ideal response?

The followings are the major reasons for accounting professional to know about SDLC:
• Accountants are often asked to participate in the accounting system development process. Knowledge of the SDLC and SDM is vital if the accountant is to be an informed participant in the process.
• Often IT professionals ask accounting professionals to approve various aspects of the design before proceeding. Later, if there are problems, accounting professionals must be prepared to take responsibility because they approved the design.
• Accounting professionals should care that they must audit the SDLC as the system is being developed. In order to audit the SDLC, they must understand the phases of system development and the methodology used.

Business

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To overcome challenges in international information systems, some organizations develop alternative versions of the system that support different processes in different countries. This results in ________.

A) a long-term profit preceded by short-term losses B) standardized development rates across countries C) system design challenges D) a set standard for business processes that meets all requirements

Business

Which two of the following have reliable guidelines for documenting sources in a business report

What will be an ideal response?

Business