Which of the following statements about ERP systems is BEST?
A) Recent studies have shown that the most successful ERP implementations use standardized systems.
B) ERP systems written in XML require complete replacements of a company's legacy systems.
C) A company must adapt their ERP system to their existing processes in order for all employees to gain a benefit from the new system.
D) An ERP system requires a regular synchronization of all of the module databases, which is usually accomplished automatically when the business is not conducting business.
A
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The fact that each transaction has a dual effect on the accounting elements provides the basis for what is called
a. single-entry accounting; b. compound-entry accounting; c. multiple-entry accounting; d. double-entry accounting; e. duplicate-entry accounting.
What is immediate, up-to-date information?
A. Information granularity B. Real-time systems C. Information governance D. Real-time information
When adjusting for depreciation of factory equipment, Factory Overhead (Depreciation Expense) is debited and Accumulated Depreciation-Equipment is credited
Indicate whether the statement is true or false
Even in a perpetual inventory system that updates the inventory account as and when transactions occur, the business must count its inventory at least once in a year
Indicate whether the statement is true or false