AIS - 006 - Module 5 FICO

The ERP __________ is the software component that handles the main accounting and financial management functions of an enterprise resource planning system.

ERP core finance or financial management, also commonly supports functions such as _____________ and ___________.

ERP is modular software designed to integrate an organization's business processes into a single system running on a ____________.

The controlling module is usually the first component activated in an ERP system and the reason organizations replace their standalone accounting software with ERP.

• True

• False

Integrating the finances of the various business functions helps ensure _______________.

ERP finance module features that an organization has visibility into where most of its profits come from.

• General Ledger

• Accounts Payable

• Profit Tracking

• Accounts Receivable

ERP finance module features tracks such things as income and expenses, capital accounts, assets and liabilities.

• General Ledger

• Accounts Payable

• Profit Tracking

• Accounts Receivable

ERP finance module features that manage the money it owes vendors and other creditors.

• General Ledger

• Accounts Payable

• Profit Tracking

• Accounts Receivable

ERP finance module features that track payments and manages cash and invoices.

• General Ledger

• Accounts Payable

• Profit Tracking

• Accounts Receivable

ERP finance module features that track and manage tangible assets, such as computers, factory equipment and vehicles.

• Fixed asset management

• Accounts Payable

• Profit Tracking

• Accounts Receivable