Question

Explain accounting cycles and ERPs and how they are related; highlight the use of big data...

Explain accounting cycles and ERPs and how they are related; highlight the use of big data and analytics; please be specific. Discuss why an understanding of systems and accounting cycles might help in understanding, implementing, and using an ERP

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer : firstly about ERP system helps in enterprises systems integrate internal and external management information across an entire organization—taking on finance/accounting, manufacturing, sales and service, customer relationship management etc., and control

the connections to exterior stakeholders.
Diverse stages involved in ERP implementation are - InventoryControl, ABC Analysis, Economic Order Quantity (EoQ), Just-In-Time (JIT), Material Requirement Planning
(MRP-I), Manufacturing Resource Planning – II (MRP-II), Distribution Resource Planning (DRP), Enterprise Resource Planning (ERP), Money Resource Planning (MRPIII) and EIS-Web Enabled. Some of the "popular" ERP packages are SAP, JD Edwards, Baan, Oracle 9 i.

Accounting cycle deals with all day to day transactions such as

Collect and store data

Record transactions

Safeguarding organisational assets

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How do you think you might use data analytics and data visualization in accounting and auditing...
How do you think you might use data analytics and data visualization in accounting and auditing industry
Why and how does Big Data matter to Accounting?
Why and how does Big Data matter to Accounting?
Please read the following article: 53% Of Companies Are Adopting Big Data Analytics: "Big data adoption...
Please read the following article: 53% Of Companies Are Adopting Big Data Analytics: "Big data adoption reached 53% in 2017 for all companies interviewed, up from 17% in 2015, with telecom and financial services leading early adopters." "Reporting, dashboards, advanced visualization end-user “self-service” and data warehousing are the top five technologies and initiatives strategic to business intelligence." "Data warehouse optimization remains the top use case for big data, followed by customer/social analysis and predictive maintenance." "Among big data distributions, Cloudera...
Analyzing data without planning or preparation is a bit like trying to build a car by...
Analyzing data without planning or preparation is a bit like trying to build a car by getting some steel, glass, plastic, and rubber, and trying to put them together. Without first understanding, planning, and preparing, the manufacturing is likely to be a failure. Analytics is much the same—before you analyze, you must understand the data, plan your approach, and prepare the data set. To complete this discussion board, do the following: Research and discuss some common pitfalls and problems that...
Please, Explain how a secondary flow and vortex turning are related in an open channel flow....
Please, Explain how a secondary flow and vortex turning are related in an open channel flow. please help to me using picture & equation.
In terms of Real Estate Market 1. How to use Big Data in Mortgage analysis 2....
In terms of Real Estate Market 1. How to use Big Data in Mortgage analysis 2. Why Mortgage analysis is importatnt
Using an illustration explain how a perfectly competitive firm might be: Earning an accounting profit and...
Using an illustration explain how a perfectly competitive firm might be: Earning an accounting profit and zero economic profit Earning an accounting profit and an economic profit Earning an accounting profit and an economic loss. Be sure to explain in each case what will happen to the number of firms in the market place and why it will happen.
Explain how a health care organization could or did use the data to improve the quality...
Explain how a health care organization could or did use the data to improve the quality of patient care and the implications of using data that is not valid ( following concepts: data recovery, data integrity, and/or data reliability related to health care databases).
Explain the standard CAPM method to estimating cost of equity, and how we estimate the market...
Explain the standard CAPM method to estimating cost of equity, and how we estimate the market risk premium and risk-free rate (and why we use this method) Where might we find a beta estimate? Explain the potential problems with this approach. Explain why we might need to rely on data from the company’s 10-k to determine the cost of debt, rather than using only the firm’s market-traded bonds. Why would we want to know more than the interest expense reported...
Part 1: Theory Answer each question in no more than two hundred and fifty words. Type...
Part 1: Theory Answer each question in no more than two hundred and fifty words. Type your answers into a Word document or a notepad, name the file using your last name and submit it. What is Big Data? Why is it important? Provide specific examples of how big data can be used in business. Differentiate between structured and unstructured data. Explain data visualization - benefits and dangers. What are the benefits of using R to manage large quantities of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT