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Saturday, February 22, 2014

Different Aspects Of Nigerian Financial Software Development

By Marcie Goodman


There are several systems that are used for the maintaining of various accounting records within a financial organization. An accounting system is uniquely developed to take care of all the recording needs. In most cases, the receivables, payable expenses and an array of expenses that are incurred in the process of running various operations are recorded in one system. The Nigerian financial software development process should assess the current needs of various users before implementing a new system.

An accounting application has several features into which specific types of data is entered. These applications define what should be entered into the special tables and forms before the actual entry of data. The forms and tables in the applications represent the various accounts in an accounting world. Data of the same type is organized into the receivables, research and development expenditures and other general expenditures.

An organization is examined well so as to establish the various needs within such organizations. The firm assessment processes form the basis on which various demands by the users and employees are highlighted. The current systems are taken into consideration. The examinations of these systems establish what need to be changed or upgraded during the construction of new systems. The problems at hand are then broken down into a series of coding problems.

Once the problem has been established, the developers embark on charting a path that will be used in finding the solutions. The process of developing various applications is very complicated. A special team is assembled by the developers. Each of the members within this team is assigned as special role. Some are entrusted with the data collection and information organizations. Other players have a role of parameter assessment. The information of various players is consolidated during the programming and coding of problems in question.

Coding is done by programmers and this puts the problems in question into a perspective. The process is managed by project managers with special skills in computing. Various programs are used in the process of entering the codes into the computers. The codes are broken down into smaller applications which are dealt with at each stage. Once the coding of these bits has been completed, the final project is assembled into the final piece.

There are several constraints that the managers are faced with. In most cases, costs of developing the programs may end up rising more than expected as a result of inflation. Budgets get out of hand. The delivery of systems under consideration may be delayed as a result.

The implementation of projects needs to be approached with a lot of care to reduce the risk of failure. Most of the managers use the parallel implementation strategy. The old systems are run parallel with the new ones for a specified period of time. Once the managers have been assured that the systems meet the objectives, the old ones are eliminated.

The Nigerian financial software development process is done in accordance with the international standards. The computing standards ensure that the projects that are implemented have certain qualities. Through the standardization process, the risks in the computing world are reduced as the systems are thoroughly tested.




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