Читать книгу Cost Accounting For Dummies - Kenneth W. Boyd - Страница 101

Prestige IT is asked to bid on Everest’s project, and Julie the owner starts to document the steps required to complete the project. So, what needs to happen to get a better investment statement to customers? Mull over these steps:

 Discussing the project with staff. Julie must understand how statements are currently created, and what customer feedback reveals about the current format. After a long discussion and follow-up communication, the Prestige team and the Everest staff must agree on a list of needed changes.

 Building a prototype. Next, Julie uses what she learned to create a new version of the statement. Everest supplies a fictitious list of customer securities and the customer’s buy and sell transactions for stocks and bonds. Prestige’s software program produces a statement, based on the trading activity.

 Implementing the new software. When the Everest staff agrees that the software can produce accurate statements, Prestige must take all the existing client data and use the new software to generate customer statements. This is the hard part — just ask anyone who works in IT about converting to a new system. The process requires careful data management and testing, and each statement must be reviewed for accuracy. Everest needs accurate statements to comply with industry regulations, and to serve the needs for customers.

Whew! That sounds like a ton of work. How much is this going to cost?