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Ais Attacks and Failures

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Ais Attacks and Failures
Replacing a Legacy AIS Application
Jamaine Williams
Professor Elias Konwufine
Assignment 4:
ACCT 564

Abstract
As long as this world have businesses and buying and selling within company to company accounting and Accounting Information Systems (AIS) will play a big role in financial management and decision making. The degree of value and how usable an AIS is depending on if the system is custom, outsourced or boxed. In this paper I will talk about just that. You will find out if the company should keep, change, modify or outsource and what will be the advantages and disadvantages of doing so. Analyze the need for changing to a new system and the potential benefits and risks associated with this. Identify three (3) advantages and three (3) disadvantages for each of the following choices. Make a recommendation to the CEO. Defend why you chose the option and rejected the others. Propose a system development life cycle (SDLC) approach for your recommendation.

The need for changing to a new system and the potential benefits and risks associated with this change.
A company should change it system when several things that go wrong start to happen. If you system start to * Your company has always used manual accounting. And now you feel need to have accurate and fast flow of information. * You are a fast growing company and need a system that can grow with you? * Your company has out grown your current system. * Your process has changed the way you do the business. * You want to switch to an e-business solution with an integrated financial backend. * Your Company is geographically dispersed now and you need fully web-based solution.
Properly installed and implemented accounting software can contribute many benefits to your organization, including:
Efficiency-Computerized financial information systems are faster and more efficient in processing data. Situations that took the accounting department weeks to do can now get done


Cited: Bucki, J. (2012). Operations/Technology Top 6 outsourcing disadvantages. Retrieved from About.com: http://operationstech.about.com/od/outsourcing/tp/OutSrcDisadv.htm How To Choose An Accounting System. (2012, June 9). Retrieved from Wis Acc: http://www.wisacc.com/whitepapers/choose_accounting_sys.html Manda, G. (2012). The Benefits of Accounting Information Systems. Retrieved from eHow money: http://www.ehow.com/list_6588708_benefits-accounting-information-systems.html#ixzz1xM2x2fOx
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