Question

There are four approaches/methods used to replace an old accounting information system with the new one....

There are four approaches/methods used to replace an old accounting information system with the new one. Describe the four approaches and identify the situations where each approach may be most appropriate/desirable to use.

Homework Answers

Answer #1

a) Direct Changeover: The user stops using the old system one particular day and starts using the new system from thereon, usually over a weekend or during a slack period

b) Parallel Conversion: The old system continues alongside the new system for a few weeks or months

c) Phased Conversion: Used with larger systems that can be broken down into individual modules which can be implemented separately at different times.

d) Pilot Conversion: New system will first be used by only a portion of the enterprise, for example at one branch or factory

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company wants to replace old machine by new one. Old is fully depreciated and no...
A company wants to replace old machine by new one. Old is fully depreciated and no salvage value is expected. New will provide annual cash saving by $7.000 before income taxes and without regard to the effect of depreciation. Machine (new) costs $18.000 , estimated useful life is 5 years. No salvage value will be for the n ew one. Straight line depreciation method will be used. Income tax is %40. Desired rate of return is %14. Please evaluate this...
2. A German company is planning to replace the old machine for a new one. The...
2. A German company is planning to replace the old machine for a new one. The new machine will cost Euro 4 million, the old one can not be sold. The new machine will be used for 20 years, then it can be sold for 25% of the purchase price. Each year the company will save Euro 450,000 on the production costs, but the maintenance costs will be higher too: Euro 40,000 per year. In year 10, a special maintenance...
Discuss one (1) project where you used a problem-solving approach to address what turned out to...
Discuss one (1) project where you used a problem-solving approach to address what turned out to be common-cause variation, or where you used a process improvement approach to deal with a special cause. If you do not have a personal experience that echoes either of these situations, you may use Internet to search for a case that reflects either of these situations. Examples: one’s personal investment strategy since 2008 reducing waiting times at the local hospital or emergency room reducing...
a) One of the widely used approaches for estimating non-market values of environmental goods and services...
a) One of the widely used approaches for estimating non-market values of environmental goods and services is the contingent valuation method (CVM). Explain this method and examine the key stages involved in its implementation. b) State and critically discuss four (4) main biases that may affect the credibility of the CVM. Examine how each of these biases could be managed.
3. A store is trying out a new self-checkout system. They have had complaints from customers...
3. A store is trying out a new self-checkout system. They have had complaints from customers about errors in pricing in the new system, so the store runs a sample check. Out of 800 scanned items, they identify 24 items that had the wrong price entered through the self-checkout system. (a) What is the estimate of the population proportion of errors in the new self check-out system? (2 points) (b) Their old system had an error rate of 0.04 or...
1. Choose two (2) approaches (e.g. Demand-, and Cost-oriented approaches) 2. Choose one method for each...
1. Choose two (2) approaches (e.g. Demand-, and Cost-oriented approaches) 2. Choose one method for each approach (e.g. I chose odd-even pricing for Demand-oriented approach and standard markup cost method for Cost-Oriented approach) 3. Use examples to illustrate these two methods that you've chosen to do. EXAMPLE: For my two examples I chose demand oriented and cost oriented approach I chose bundle pricing for my demand oriented and I chose cost plus pricing for the cost oriented approach My first...
Essay- Tangible asset accounting treatment A company that sells new and used computers purchased 20 printers...
Essay- Tangible asset accounting treatment A company that sells new and used computers purchased 20 printers at $12,000 each for cash. The printers will be used as follows:.  1. The sales department will use one as a demo unit on the floor for 3 months because they think it will help with sales and then sell it. 2. The research department will get one to use as part of their work.  3. The accounting department will get one that they estimate will...
The following information will be used for two questions on the exam: On January 1, 2020...
The following information will be used for two questions on the exam: On January 1, 2020 Navani Corp. decided to replace the HVAC system in its manufacturing plant because the old HVAC system was no longer adequate. The building was originally purchased for $5,000,000 on January 1, 2010 and has been depreciated using the straight-line method over an estimated 20-year life with zero estimated salvage value. The book value of the old HVAC system is unknown and the new HVAC...
An old website requires a four-character password consisting of three numbers and one letter. A new...
An old website requires a four-character password consisting of three numbers and one letter. A new website requires a six-character password consisting of three numbers and three letters. How many more passwords can be made for the new website? I think we are using combinations and permutations, but im not sure. Please explain each step! Thanks!
The Olson Company plans to replace an old machine with a new one costing $85,000. The...
The Olson Company plans to replace an old machine with a new one costing $85,000. The old machine originally cost $55,000 and has six years of its expected 11-year life remaining. It has been depreciated straight-line assuming zero salvage value and has a current market value of $22,000. Olson's effective tax rate is 32%. Calculate the initial outlay associated with selling the old machine and acquiring the new one. $________ ____________________________________________________________________ A project that is expected to last six years...