Why Do Accountants Need to Be Included on the Development

question 13

Essay

Why do accountants need to be included on the development team for an accounting system?

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Definitions:

Utilities Possibilities Frontier

A graphical representation showing the maximum levels of utility that two individuals or more can achieve given a fixed set of resources.

Efficient

The state of optimizing the use of limited resources to achieve the desired outcome without waste.

Equitable

Pertains to fairness or justice in the way people are treated or how resources are distributed.

Utilities Possibilities Frontier

A graphical representation showing the maximum amount of two or more goods or services that can be produced given a set of resources, highlighting the trade-offs and opportunity costs.