There are various way to determined what are the requirements needed for an accounting information system. In an organization when you have an accounting information that need to be collect as well as store data from the activities and transaction, processes useful information that is helpful when its time to make decision. Also it will provide controls as well as safeguard for the company's assets. Another way that will help determine the requirement, is the number of cycles starting buying as well as paying for all the good and services that the organization will use in the system needed.
As for the implementation of the system development life cycle within the organization. Doing the development in house will involve the engaging of a professional or having the software development team in the organization at all time to help develop the accounting software. The developer needs to take in consideration what kind of business the company has as well as it has to tailor the new system toward the users need. Also doing the application development in house the company will gain major business as well as commercial benefits that will allow the company to gain significant competitive advantage. The implementation phase will involve the placing of the system that way the users will begin to perform actual business operation using the system being implemented. The implementation contains two activities, the training as well as the conversion. These activities all include the multiple part tasks like verifying detailed users documentation, the method that determine conversion as well as to provide training for the person using the system. Plunge conversion, for this kind of conversion all the training takes place before the conversion. As for parallel conversion, the training can take place when the system rolled out in scheduled of interval.
As for the challenges that