Question

1. What are the major reasons an organisation might consider running dual or parallel accounts as part of its accounting information system changeover? Discuss in 100–120 words.

2. Provide an example of:

A preventative plan/ measure.

An interim plan/ measure.

3. List and describe 10 sections that should be included in an implementation plan.

Thank you

Answer 1

ANSWER-1)

In running dual or parallel accounts, the new system runs simultaneously with the older system for a specified period of time, and slowly assumes the roles of the old system. The major reasons for the consideration of running dual or parallel accounts as part of its accounting information system changeover are:

--Of all the techniques, parallel accounts tend to be the most popular, mainly as it carries the lowest risk.

-- If anything goes wrong with the newer system, the older system can act as a back-up.

--The outputs from the new as well as old systems can be compared to know that the new system is running correctly. When the management is satisfied the newer system becomes fully active and used across the organisation; and the old system is taken offline.