The Business Requirements Of A Cost Accounting System
It has become evident that in this period of time a cost accounting system is necessary to the operations of the Greater Baltimore Medical Center. The lack of such a system has lead to the inability of effectively determining the profitability, total cost, cost components, and effectiveness of strategic initiatives on medical procedures and practices. This need will be filled by the utilization of software specifically aimed at cost accounting.
The following will describe business requirements for obtaining and implementing this cost accounting system. Several questions will be raised to bring light to the needs of the organization. Issues to be discussed will include software and hardware compatibility, report management, user-friendliness of the system, system maintenance and support, and budgetary decisions.
The first question to be considered is what the company is looking to measure, and what software is available today that will fill this need. Once these simple requirements are established, the system must be analyzed to decide how it can be integrated and what the software is truly intended to do. The following are some of the needs required in the new software.
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