ACCA Applied Knowledge · Business and Technology · Financial systems and technology
Several months after a new accounts receivable system went live, management reviews whether it achieved its objectives and whether the project met its budget. What is this review called?
This is a post-implementation review, carried out after the system is live to assess whether it met its objectives and budget and to learn lessons. A feasibility study and a systems specification both happen earlier, before the system is built.
- AFeasibility study
- BPost-implementation reviewCorrect
- CSystems specification
Explanation
A post-implementation review takes place after go-live to assess whether objectives, costs and benefits were achieved and to identify lessons learned. A feasibility study and a systems specification are carried out before the system is built.
Did you get it right without looking?
One question tells you little. A timed set on Financial systems and technology shows your real accuracy, how long you take and where you lose marks.
More Financial systems and technology questions
- Orla Co's integrated accounting system automatically posts a sales invoice entered in the sales module to the receivables ledger, the genera…
- Which of the following is the best description of the 'velocity' characteristic of big data?
- In the systems development life cycle, a retail group has documented what its new inventory system must do, including required reports, user…
- A company's MIS reports are criticised: managers receive a 40-page monthly pack, most of it irrelevant to their decisions, and it arrives th…
- A bank's analytics team finds that customers who call the helpline twice in a month are far more likely to close their accounts. Management …
- A bank uses a machine learning model to approve loans. Regulators complain that staff cannot explain why the model rejected particular appli…