Question

In: Accounting

What is the role of an accountant in the SDLC? Why it's important for accountants to...

What is the role of an accountant in the SDLC? Why it's important for accountants to be involved with the process?

Solutions

Expert Solution

The role of the accountant in the System Development Life Cycle is very critical as Accountant are the specialist for this area as they know how the financial transaction should be recorded. Based on the Accountant provided information only the system will get developed, so I must say without Accountant knowledge the System cannot be developed.

Accountant are involved in the system development in three ways.

First Acountant are the Users - Accountant must provide a clear picture of problems and needs to the system professional. For example Accountant should specify what accounting menthod should be use to record any paticular transcation

Second Accountants participate in systems development as a members of development team. Accountant should provide his inputs to the developmet team in a way how any particular financial transaction need to be processed then development team will make the coding for the same and impliment in the system module.

Third Accountant are involved in system development as auditors. Accounting information should be auditable.Accountant can use some computer audit techniquies to check the correctness of the system being recording any financial transaction.


Related Solutions

1A: What economics is and why it's important? 1B: Discuss of the role of choice and...
1A: What economics is and why it's important? 1B: Discuss of the role of choice and scarcity.
Summarize why it is important to know and understand the role of the Financial Accountant and...
Summarize why it is important to know and understand the role of the Financial Accountant and the Managerial Accountant? How do these roles differ? In what aspects are these roles similar?
what you think Health Communications mean and why it's important.
what you think Health Communications mean and why it's important.
What is financial literacy? Do you think it's important? Why?
What is financial literacy? Do you think it's important? Why?
Why are IT systems important for accountants to understand? What impact does technology have on the...
Why are IT systems important for accountants to understand? What impact does technology have on the field of accounting?
What is the role of The American Institute of Certified Public Accountants and their role in...
What is the role of The American Institute of Certified Public Accountants and their role in advising the FASB?
What is the role of the accountants in the advent of the digital revolution?
What is the role of the accountants in the advent of the digital revolution?
What is the role of business and business leaders and why are they important?
What is the role of business and business leaders and why are they important?
What do managerial accountants mean when they speak of cost behavior? Why is it important in...
What do managerial accountants mean when they speak of cost behavior? Why is it important in managerial decision making?
Collective Bargaining, What it's Good For? gives a good explanation of why unions are important to...
Collective Bargaining, What it's Good For? gives a good explanation of why unions are important to all humans. can you explain in 200 word counts?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT