The System Development Life Cycle

The System Development Life CycleName:Institutional Affiliation:IntroductionModern accounting information systems (AIS) utilizes computers software in conducting business activities. Their features are designed to perform essential functions for the firm. AIS are used to provide appropriate and exact fiscal and arithmetical information (Gelinas, Dull, & Wheeler, 2011). Business management then uses the information in making judgments as well other parties such as financiers, stockholders, and revenue authorities.Process prior implementationDue to changing needs, the AIS often deserves implementation. The firm also requires introducing new server computers that can attend to many users. Also, the business wants a carefully planned and designed, set up, accomplished and upgraded new system so as to achieve the changing market demands. Consequently, the accounting firm contracts a system development team to implement the AIS with the modern technology and market requirements.Determining the requirements needed for the accounting information systemConducting a situation analysis, there should be considered both the internal and external users. The system development team should identify the channels of sourcing information, the source of the information, accounts, and processes for gathering and reporting information must be acknowledged. Besides a cost-effective system with the benefits being more than