ERP Questions
Wörtli zum Lernen was ERP sind und wie diese funktionieren
Wörtli zum Lernen was ERP sind und wie diese funktionieren
Set of flashcards Details
| Flashcards | 61 |
|---|---|
| Language | English |
| Category | Computer Science |
| Level | University |
| Created / Updated | 09.06.2016 / 30.06.2019 |
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Give 3 reasons, why you need an ERP System.
- You have lots of different software for different processes
- You don’t have easy access to information about your business
- Accounting takes longer and is more difficult
- Sales and the Customer Experience are suffering
- Your IT is too complex and time-consuming
Which statements are true?
How did the Information flow change because of ERP?
Information flow in business used to be from the different functional areas to top management and then back down to the different functional areas. Nowadays information flow is horizontal, cross-functional and includes the suppliers and the customers.
What are disadvantages of ERP Systems?
time-consuming, expensive, vendor dependence and many more boring reasons.
What are advantages of ERP Systems?
Common Database, avoiding data redundancy, cost reduction, adaptable, maintainable, global outreach
When did the evolution of ERP start?
1960
What is knowledge? (give an example)
If you were told it’s 8 am you would know that there are 16 hours left in the day
What is the origin/precursor of ERP?
Manufacturing Resource Planning (MRP)
What does vertical integration perspective mean and which systems are affected?
Integration from the top to bottom. Therefore it integrates the following Systems:
Management Support System;
Office Information System;
Transaction System
What is Information?
Information is created by giving meaning to the data: 24 are the hours in a day
What is Data?
Data are the raw facts, like numbers, characters or text. It has no meaning on its own.
What are ERP Systems?
Enterprise Resource Planning Systems are enterprise wide software solutions with support moduls characterized by integrating sales, manufacturing, human resources, logistigs, accounting and other business functions and allow a to share a commen database or a virtual database that combines the individual databases.
ERP combines data and processes of an organization. It uses a unified database to store data from various system modules, like financials, human resources, production planning, order management, CRM and SCM. Integration between modules is stressed without the duplication of information.
What is internal/external accounting?
Internal: Managerial accounting (Controlling): Cost an performance accounting
External: Financial Accounting
Explain Managerial accounting.
Supplies quantitative information to the decision makers within an organization.
Monitors the cost effectiveness of the performance.
Is also used for cost accounting processing, analytical reporting and audit controlling spectrums.
What is a key feature of ERP systems in the financial Accounting module?
The ability to drill down within a report to get to the source documents that were used to create the report. This makes it easier for auditors to confirm the integrity of the reports.
How is the structure of Controlling Area, Charts of account and Company Code?
Charts of account is the highest of the three entities.
Controlling area is underneath charts of account but above company code. Company codes get assigned to controlling area.
Fill the blank.
The goal of _____________ is to provide executives with information regarding the profitability of the business, and enable them to control a business' activities.
Managerial accounting
Which of the following ERP features help to reduce / detect fraudulent activity?
SAP document principle:
The ability to drill down within a report to get to the source documents that were used to create the report, makes it easier for auditors to confirm the integrity of the reports.
Not being able to fully delete a record.
In a general ledger, what does a master data depict?
The G/L account master records the posting of
accounting transactions to G/L accounts and the processing of the posting data.
What is important during initialization phase of an ERP project?
All stakeholders in the same boat.
The requirements are roughly known.
The objective of the project is defined
What is important during the concept phase?
Target processes --> requirements
