Accounting Information System

A

B

Kashmir is an organization providing home care services. It has maintained its accounting records manually and assisted by spreadsheets. However, Kashmir has decided to expand its work to include the provision of medical assistance and travel support. It has recently been successful in securing more contracts resulting in the setting up some outlets to provide further care services in its area of operations. As the demand increases for its services, Kashmir sees the need for improved record keeping and information management. Hence, Kashmir management has decided to improve its accounting systems and have approached you to give advice on how to proceed with its intention. Required: a) Compare and contrast the following options of acquiring a new accounting computer system for Kashmir: i. In-house development ii. Bespoke development by a third party iii. Off-the shelf iv. Obtaining services from an outsourcing company b) Briefly explain how the company can ensure control over its development activity during the development phase? I (5 marks) Kashmir is an organization providing home care services. It has maintained its accounting records manually and assisted by spreadsheets. However, Kashmir has decided to expand its work to include the provision of medical assistance and travel support. It has recently been successful in securing more contracts resulting in the setting up some outlets to provide further care services in its area of operations. As the demand increases for its services, Kashmir sees the need for improved record keeping and information management. Hence, Kashmir management has decided to improve its accounting systems and have approached you to give advice on how to proceed with its intention. Required: a) Compare and contrast the following options of acquiring a new accounting computer system for Kashmir: i. In-house development ii. Bespoke development by a third party iii. Off-the shelf iv. Obtaining services from an outsourcing company b) Briefly explain how the company can ensure control over its development activity during the development phase