Lecture 4- Enterprise systems

Enterprise systems- A large information system which processes the of

The three business processes within a typical enterprise system are , &

One general feature of an enterprise system software is that it is a

Another general feature of an enterprise system software is that it a high of

Third general feature of an enterprise system software is that it a graphical

Fourth general feature of an enterprise system software is that it a single

Fifth general feature of an enterprise system software is that is

Best of breed- An information technology which adopts the available to meet business requirements rather than a product

Three main modules of SAP ERP are (APO), (FI) & (BI)

Another three main modules of SAP ERP are (MM), (SD) & (CO)

Chart of accounts- A of ledger account organised in a fashion

An example of an additional audit risks posed by an enterprise system is , real-time data increases the need for as auditors may be unable to assess volumes or be allowed to use data

Another example of an additional audit risks posed by an enterprise system is & new controls are required to the of a typical system

Main focus of enterprise systems is on providing information which helps business, i.e. accounting information

Most important part of term ES is ‘’ ( system which attempts to all key of an organisation)

Enterprise systems overcomes common problem of larger organisations, namely

There are contrasting views about the origin enterprise systems whether their origin is MRP or not. One view is that it originates from & from 1960s. Another view is that it evolve fully from or

Klaus et al. suggest that fact enterprise systems evolved from MRP/MRPII is misleading as enterprise systems does not on , but on . Also, resources is not necessarily main . Finally, term ‘’ is too narrow as can customers, suppliers and banks

Business process- of tasks or that desired outcome

Sixth general feature of an enterprise system software is that it is application

Seventh general feature of an enterprise system software is that business solutions are

Eighth general feature of an enterprise system software is that it is for firms with in regions & dealing with countries

Ninth general feature of an enterprise system software is that it majority of

Tenth general feature of an enterprise system software is that processing can be to & activities

SAP ERP enables company to & its business processes. It ties together business (integrated business solution). Also, it helps organisation run , environment & &

SAP has environment. (hardware/software that can make request for for repository of resources) & (hardware/software combination that can provide to group of in environment)

SAP has structure. It includes: (graphical or web interface), (one or more which help ) & (one single data )

Main features of production planning module of SAP include: planning, planning, planning & scheduling & to promise

Main features of materials management module of SAP include: requisitioning of & purchase order , enable employee procurement of & , with business partners, quantity & value of all , all warehouse resources & goods receipts & issues & physical inventory transfers

Main features of sales and distribution module of SAP include: & , , check (linking to MM module), management, processing & processing enquiries & quotations

Main features of financial accounting module of SAP include: with global financial reporting standards , to main ledger, generate standard , integrate with other financial accounting at period & maintain which reduces cost & complexity of multiple sets of books

Main features of management accounting/controlling module of SAP include: & , management accounting information to & other based on their defined organisational role, collecting, assigning & costs for many types & profitability of markets, channels, products & customer segments

Two tools of business intelligence module of SAP include: (provides users with operational ) & (offers similar customised reporting, but is part of group of software products which more business intelligence solution)

Best-of-breed strategy may be beneficial if system cannot meet all (possibly complex) organisational requirements. However, from perspective, it may give to problems, i.e. to other software

One role of accountants in enterprise systems implementation is . Enterprise systems must reflect structure. Also, from accounting viewpoint, & business entities must be defined in . Finally, there may be accounting requirements to be defined at legal level

Another role of accountants in enterprise systems implementation is . SAP permits three which include: (used to record daily ), (used for reporting requirements) & (used for preparing )

Third role of accountants in enterprise systems implementation is . To facilitate more & enable different of organisation to track & trace they’re using, accountants need to define & centres

Third example of an additional audit risks posed by an enterprise system is (both internal & external) have to use of an enterprise system, which poses & other

Fourth example of an additional audit risks posed by an enterprise system is database, which common data, means need to appreciate between parts of enterprise systems

After using enterprise systems there has been more regular accounting tasks. Also, there have been changes to some regular accounting processes such as & accounting . Finally, there has been some new roles such as interfaces/data from other (best-of-breed) systems & (single key information system, business continuity risk)