Define software development costs.

Q: Define value of operations, Vop

A: Definition: The Present Value of all future free cash flows which are discounted at the Weighted…

Q: What is the advantages and disadvantages of turnkey systems?

A: Introduction; A turnkey system is when the company develops, builds, and tests a manufacturing…

Q: Define computer-integrated manufacturing.

A: Conversion Cycle:   A set of all processes that are used to collect inputs and convert them into…

Q: Define value chain.

A: Value Chain: Value Chain is the combination of activities including all the costs to do such…

Q: how to relate cloud accounting with cost management?

A: Cloud Accounting Cloud Accounting software is similar to traditional, on premises or self installed…

Q: Classify the following cost drivers as structural, executional, or operational.

A: Classification of cost derives: Classification 0f the given cost drivers as structural, executional,…

Q: Describe resource dependency theory

A: Resource dependency theory is an important theory in Sociology. This theory helps to study the…

Q: Define value engineering. How is it used to control costs?

A: Value engineering also called value analysis refers to the process of increasing quality of the…

Q: Explain the accounting treatment of costs incurred to develop computer software.

A: Software development costsThe software development costs would be recorded as research and…

Q: Define Cost effectiveness.

A: Cost effectiveness refers to the examination of both cost and health outcomes of different course of…

Q: Distinguish between reverse engineering and reengineering.

A:

Q: Describe about the Enterprise Resource Planning. What are its objectives?

A: Enterprise Resource Planning:   It refers to a framework within an organization where the management…

Q: What is an enterprise system?

A: Introduction:- An enterprise system, also known as an enterprise resource planning. It handles…

Q: Explain the role of value engineering in target costing.

A: Value engineering’s main motive is to reduce the cost and to provide good quality products that will…

Q: Explain CVP APPLICATIONS WITH EXAMPLE?

A: The CVP analysis is used to determine what will happen to the financial results when they are…

Q: Explain the issues of size, speed, workload, and transaction as they relate to scalability

A:

Q: What budget and timetable constraints will affect system development?

A: The question is based on the concept of constraints in development and Implementation of system…

Q: Define value drivers

A: Introduction: Value drivers are related to concept of free cash flow valuation model. This helps the…

Q: What are the benefits and drawbacks of turnkey systems?

A: Here is the Answer

Q: What is modified accelerated cost recovery system (MACRS)?

A: Any fixed asset purchased has a fixed life throughout which it has to be used. Over the course of…

Q: Distinguish between computer-aided design and computer-aided manufacturing.

A: Computer-Aided Design: Computer-aided design software brought the revolution in processing through…

Q: What are the two types of cost centers used in GPK? Explain the difference.

A: GPK is a costing method uses marginal costing method for planning and cost control

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: Discuss the concept of Monte Carlo simulation

A: Monte Carlo is also know as multiple probability simulation and it furnishes the user with a range…

Q: IT project management is supported by a variety of tools and technologies.

A: The process of developing and administering an information technology development plan in order to…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: Why do ERP systems need bolt-on software? Give an example of bolt-on software.

A:

Q: Define cost tracing?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: compute for throughput time

A: Throughput time or the period is the time in days or in hours which are required by the company in…

Q: What is an enterprise resource planning (ERP) system? What are the advantages and disadvantages of…

A:

Q: explain the importance of cost behavior

A: Cost behavior refers to any change in the behavior of cost due to change in the level of output or…

Q: Managed CDOs is designed for what?

A: Introduction: A collateralized debt obligation (CDO) is a portfolio of differing credit quality debt…

Q: Define simulation analysis

A: The Simulation Analysis is a method for analysis, wherein the infinite number of calculations are…

Q: Гxemplar Exer operation

A: 1 Cost per unit of finished goods using:  Absorption costing Direct material per unit 11…

Q: Define SAP Supply Chain Execution?

A: SAP supply chain management is the software that helps to cover the supply chain processes. It…

Q: Identify the two main types of software.

A: two main types of software used in accounting -   ** tally software which is application software.…

Q: Explain standard costs.

A:

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: How does accounting participate in the system development life cycle （ SDLC）?

A: System Development Life Cycle: The system development life cycle is a set of series or systematic…

Q: Explain the implementation problems in cost estimation.

A: Cost estimation: It is the development of a defined relationship between cost object and cost…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.