Systems design, implementation, and operation suggested answers to discussion questions

1. 
   Identify and justify four major objectives Columbia’s automated property accounting system should possess to respond to departmental requests for information.
   

Chapter 1 lists the following seven characteristics of useful information

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  Relevant. Information is relevant if it reduces uncertainty, improves decision-making, or confirms or corrects prior expectations.
  
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  Reliable. Information is reliable if it is free from error or bias and accurately represents organization events or activities.
  
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  Complete. Information is complete if it does not omit important aspects of the events or activities it measures.
  
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  Timely. Information is timely if it is provided in time for decision makers to make decisions.
  
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  Understandable. Information is understandable if it is presented in a useful and intelligible format.
  
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  Verifiable. Information is verifiable if two independent, knowledgeable people produce the same information.
  
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  Accessible. Information is accessible if it is available to users when they need it and in a format, they can use.
  

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  Flexibility. Flexibility ensures that the computer will adapt to changing business needs without a complete redesign.
  

2. 
   Identify the data that should be included in the database for each asset.
   

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  Asset name
  
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  Manufacturer
  
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  Model
  
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  Serial number
  
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  Asset class code
  
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  Company assigned asset number
  
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  General ledger account number
  
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  Location data (plant, department, building)
  
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  Acquisition date
  
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  Original cost
  
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  Data for book depreciation and tax depreciation
  
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  Maintenance record: cycle, date, amount
  
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  Estimated salvage value
  

1. 
   
   
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