Which of the Following About Planning for Systems Development Is

question 59

Multiple Choice

Which of the following about planning for systems development is false?

• A)Project plans are developed for each new system and each system modification.Then,these project plans are combined together to form the master plan.
• B)A project development plan includes an economic feasibility analysis and a schedule of activities.
• C)The master plan identifies system goals,who will develop the system,and the resources that will be needed.
• D)The master plan includes details about organizational goals,existing systems and resources,projects being conducted,and predictions of future needs and requirements.

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Definitions:

Adjustment

A process of altering the value of accounts to more accurately reflect their true value at the end of an accounting period.

Balance Sheet Approach

A method of estimating an allowance for doubtful accounts based on the accounts receivable's ending balance, helping to present a more accurate picture of a company's financial health.

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collectible, recorded as a contra asset account.

Uncollectible Accounts

Accounts receivable that are considered to be uncollectable from debtors, leading to them being written off as a bad debt expense.