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John is in the process of developing a new system.This current stage is exhaustive and thorough and must be conducted to ascertain whether the system produces the right results.John must answer the question,"Will the system produce the desired results under known conditions?" The amount of time needed to answer this question has been traditionally underrated in systems project planning.This stage is time consuming: data must be carefully prepared,results reviewed,and corrections made in the system.In some instances,parts of the system may have to be redesigned.The risks resulting from glossing over this step are enormous.John is in which stage of system development?
Asset Accounts
Accounts that record the value of everything a company owns and uses to generate revenue.
Liability Accounts
Accounts on a company's balance sheet that represent what it owes to others, such as loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.
Trial Balance
A financial report that lists all the active accounts and their balances at a certain point in time, used to verify the equality of debits and credits in the accounting system.
Reports Center
A centralized hub or platform where various types of reports, such as financial and analytical, are generated and accessed.
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