ACC 564 Assignment 4 Changing the Accounting Information System
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ACC 564 Assignment 4 Changing the Accounting Information System
Migrating to a new accounting information system is not an easy
task. Many firms have struggled with this process, even though our textbook
makes the process seem quite straightforward. Recently, IBM recapped some of
the lessons learned in migrating to a new accounting information system within
the federal government. These lessons can be applied to any accounting
information system project. Others have developed their own recommendations for
best practices and lessons learned involving implementing accounting
information systems. However, in order to appreciate what IBM and others are
proposing, we need to apply lessons learned to a real-life situation involving
the failure to implement an accounting system properly.
For this assignment, research the Internet or Strayer databases
for information related to a real-life accounting information system failure
and best practices, as well as lessons learned from implementing the accounting
system. In addition to information that you may find during your research,
please use the following IBM article to complete the assignment: (http://www.businessofgovernment.org/article/what-we-
know-now-lessons-learned-implementing-federal-financial-systems-projects).
Write a ten to twelve (10-12) page paper in which you:
Identify three to five (3-5) factors that contributed to the
accounting information system failure within the business that you have
identified. Indicate the impact to the business. Provide support for your
rationale.
Assess senior management responsibility for the failure in
question. Specify what the senior management could have done differently to
avoid the failure. Provide support for your rationale.
Evaluate whether the most significant failure occurred within
the system design, implementation, or operational phase of the process.
Indicate what the company could have done to avoid the failed outcome. Provide
support for your rationale.
Evaluate how implementing best practices would have reduced the
chances for failure. Provide support for your rationale.
Based on your research, develop a list of between four (4) and
six (6) best practices that organizations should use today to reduce the
chances for failure. Provide support for your rationale.
Using the information provided by IBM and others, indicate which
of the principles designed to provide insight into effective and efficient
strategies on how to best deploy financial management systems, which were
outlined within the related article, should serve as an example of what not to
do when establishing the foundation for a firm to follow. Your proposed
foundation should consist of at least two (2) principles, but no more than six
(6). Provide support for your rationale.
Use at least three (3) quality resources in this assignment.
Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size
12),with one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The
cover page and the reference page are not included in the required assignment
page length.
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