List and Explain the Main Steps in the Systems Development

question 13

Essay

List and explain the main steps in the systems development life cycle.

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Definitions:

Units

A basic measure of quantity in accounting or inventory management, representing a single item or element of output.

Fixed Costs

Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Per Unit

A term used to express data, costs, or values on a per single unit basis, facilitating easier comparison and calculation.

Account Classification

The process of organizing accounts into categories within the financial statements, based on their nature and function.