Research the Internet database for information related to a real-life accounting information
system failure and best practices, as well as lessons learned from implementing the accounting
Identify three to five (3-5) factors that contributed to the accounting information system
failure within the business that you have identified. Indicate the impact to the business.
Provide support for your rationale. Assess senior management responsibility for the failure in
question. Specify what the senior management could have done differently to avoid the failure.
Provide support for your rationale. Evaluate whether the most significant failure occurred
within the system design, implementation, or operational phase of the process. Indicate what
the company could have done to avoid the failed outcome. Provide support for your rationale.
Evaluate how implementing best practices would have reduced the chances for failure. Provide
support for your rationale. Based on your research, develop a list of between four (4) and six
(6) best practices that organizations should use today to reduce the chances for failure.
Provide support for your rationale. Using the information provided by IBM and others, indicate
which of the principles designed to provide insight into effective and efficient strategies on
how to best deploy financial management systems, which were outlined within the related
article below, should serve as an example of what not to do when establishing the foundation
for a firm to follow. Your proposed foundation should consist of at least two (2) principles,
but no more than six (6). Provide support for your rationale.