Question $3(30$ marks$)$

A retail company is in the process of implementing a new accounting information system to streamline its financial processes and enhance data accuracy. The goal is to ensure smooth transactions and overall operational efficiency.

Required:

$1.$ Identify and discuss the key considerations the company should take into account when selecting an accounting information system. Include factors such as effectiveness, efficiency, system requirements, system compatibility, scalability, security, and user$-$friendliness.

$(15$ marks$)$

$2.$ Outline the steps the company should follow to successfully implement the new accounting information system. Include considerations for data identification, data migration, user training, control measures, and system testing and review.

$(15$ marks$)$