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Although Riordan has been successful with its new integrated accounting cycle system, it is always crucial and essential to continually improve Riordans information system in order to capture competitive advantage and deliver leading products and services to its customers. The Learning Team B (LTB), an outside consulting group, is hired to study Riordans systems and to assist in designing a system framework that will provide controls over Riordans integrate accounting information system and its application software.

LTB has completed a qualified study and analysis on Riordans systems and concluded that Riordans information systems between operating entities are incompatible. To resolve these challenging issues, Riordan needs to adopt a systematic approach for future design and development of the companys existing systems. LTB has proposed a system development life cycle (SDLC) with four phases performed within a linear pattern. Figure B illustrates Riordans SDLC.

Plan and Investigate: LTB will identify problems and importance, define scope and requirements, e.g. Riordan needs to establish a control to optimize its existing inventory processes to ensure availability and accessibility of inventory. Budget procurements and timelines are all discussed with the management as well.

Analysis: LTB will document the current systems, e.g. current data integrity and consolidation of existing data are not effectively managed due to incompatibility of information systems from the companys different operating plants. TLB will run SWOT analyses and develop new system requirements based on the assessments, e.g. a real-time inventory report is necessary.

Design: LTB has proposed to the companys management about forming a designing team comprised a mix of inside and outside professionals including the companys accounting function for development of new systems and subsystems. This team will be responsible for re-engineering the system

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New Integrated Accounting Cycle System And Learning Team B. (July 5, 2021). Retrieved from https://www.freeessays.education/new-integrated-accounting-cycle-system-and-learning-team-b-essay/