The changing interaction of finance information and technology Essay

The changing interaction of finance information and technology - Essay Example The test life cycle of the system is divided in different scenarios from 1 through 11. The significant feature of the system is that it validates the data at every step. The process is completed by following scenarios which are defined below (Dan Lemus, April 13, 2011): Scenario 1 starts by creating a new project or working on the existing project. System assigns a unique user name for the user and stored it in the database of the system for later validation. To start a project we first define a project and system assigns a unique project code following with the details of Project principal, description and initiator of the project. When the project is formally initiated we move to Scenario 2. This phase of system is wholly related to the transfers funding for the project initiated. In this phase all accounting credentials are added against project initiated. Accounting information includes the accounting numbers â€Å"From Accounting Number† from which the fund will be transferred and the â€Å"To Account Number†. In this phase an important feature is also available to import accounting line information from a Comma Separated Value (CSV) file. Then final step is to submit the eDoc of transfer fund for routing to get approvals from the concerned. While proceeding to Scenario 3 the approvals will see the eDoc routed in their â€Å"Action List†. The approvers can approve/reject the document. They can leave remarks, if needed. When all the approvers have approved the eDoc the initiator will be able to see the Final status of the document in â€Å"Document Search† option at the top of the page. In Scenario 4 we can check the General Ledger Balance to see the current balance of the company. This detail can further be evaluated to monthly financial information. This information can help the managers to have a bigger picture of the funds available that could be consumed for a project. Next scenario (Scenario 5) is to make disbursement voucher in