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BAO6714 Computerised Accounting In An ERP System

tag 0 Download 12 Pages / 2,958 Words tag 13-07-2021

Question:

An accounting information system can be loosely described as a system used to record the transactions of a business so as to provide information to both internal and external stakeholders of a business. Many small to medium companies have expanded nationally to trade on a large scale and have even expanded offshore. This has resulted in many large to medium local and global companies making use of Enterprise Resource Planning(ERP) software to integrate their many functions like sales and distribution, material management, production planning, asset management, human resources and many processes like sales, production etc.

SAP has some features to manage credit, cater for subsidiaries, do currency translation, carry out intercompany transactions and provide reports using different languages, amongst various other benefits.

There are a number of case companies that have praised ERP software in resolving many of their problems although there are a few who have indicated that ERP implementations have failed. As a result of the Enron collapse, bankruptcy of high profile companies like World-Com and Global Crossing, the Sarbanes-Oxley Act was passed in the US. This Act had implications for top management accountability, auditor independence and disclosure on reports amongst other things. The Act also had implications for ERP software providers.

The following links may help give you a background to the question:

http://go.panorama-consulting.com/rs/603-UJX-107/images/Clash-of-the-Titans-2016.pdf?mkt_tok=3RkMMJWWfF9wsRoluKrLZKXonjHpfsX57OwsWqO%2BlMI%2F0ER3fOvrPUfGjI4CS8ZiI%2BSLDwEYGJlv6SgFTLDGMbVqwrgMWxY%3D

http://go.panorama-consulting.com/rs/panoramaconsulting/images/2015%20ERP%20Report.pdf?mkt_tok=3RkMMJWWfF9wsRoksqzIZKXonjHpfsX57OwsWqO%2BlMI%2F0ER3fOvrPUfGjI4CTsNjI%2BSLDwEYGJlv6SgFTLDGMbVqwrgMWxY%3D

http://www.forbes.com/sites/louiscolumbus/2014/05/12/gartners-erp-market-share-update-shows-the-future-of-cloud-erp-is-now/#5f38bd9274a1

http://panorama-consulting.com/what-you-should-know-about-erp-systems-and-sox-compliance/

Required

  • Discuss why ERP software is increasingly being adopted by medium to large companies. In your discussion focus on which type of industries are making increasing use of ERP software.
  • As a result of Sarbane-Oxley Act, ERP software had to be modified to cater for the requirements of this Act.  Some of these modifications include amongst others Archiving, Authorisation, Tolerance levels, Fiscal Transparency etc. Research these modifications together with any other modifications in respect to the SAP softwareyou are studying.
  • There have been success stories of companies using SAP ERP software and also failures. Identify one company that has successfully implemented SAP ERP software and one that has failed and discuss why this was the outcome in each case.
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Total 12 pages

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[Accessed 02 February 2023].

My Assignment Help. 'BAO6714 Computerised Accounting In An ERP System' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bao6714-computerised-accounting-in-an-erp-system/increasing-use-of-erp-software.html> accessed 02 February 2023.

My Assignment Help. BAO6714 Computerised Accounting In An ERP System [Internet]. My Assignment Help. 2021 [cited 02 February 2023]. Available from: https://myassignmenthelp.com/free-samples/bao6714-computerised-accounting-in-an-erp-system/increasing-use-of-erp-software.html.


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