tailieunhanh - Lecture Accounting information systems: Controls and processes (3rd Edition): Chapter 6 - Turner, Weickgenannt, Copeland

Chapter 6 - Enterprise resource planning (ERP) systems. This chapter presents the following content: The overview of an ERP system, the history of ERP systems, current ERP system characteristics, the modules of an ERP system, the market segments of ERP software systems, implementation issues of ERP systems, the benefits and risks of ERP systems, ERP systems and the sarbanes–oxley act. | Chapter 6 Enterprise Resource Planning (ERP) Systems Chapter 6 The overview of an ERP system The history of ERP systems Current ERP system characteristics The modules of an ERP system The market segments of ERP software systems Implementation issues of ERP systems The benefits and risks of ERP systems ERP systems and the Sarbanes–Oxley Act Study Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Real World Agri-Beef Co., Idaho Annual sales in excess of $500 million Switched to ERP system to update their accounting system 6 week installation Immediate benefits Old system required them to walk each transaction through New system they can post straight to another division’s general ledger Only two check runs instead of 22 Saved 200 man hours each month SO 1 The overview of an ERP system Enterprise Resource Planning (ERP) system integrates all business processes and functions into a single software system, using a single database. ERP system components: Financials Human resources Procurement and logistics Product development and manufacturing Sales and services Analytics Data in a(n) Operational database Data warehouse Overview of ERP Systems Exhibit 6-1 An ERP System Overview of ERP Systems SO 1 The overview of an ERP system SO 2 The history of ERP systems ERP systems: Developed during the 1960s and 1970s. First generation was materials requirements planning (MRP) software. MRP evolved into manufacturing resource planning (MRP II). ERP software did not become popular with large corporations until the 1990s. History of ERP Systems SO | Chapter 6 Enterprise Resource Planning (ERP) Systems Chapter 6 The overview of an ERP system The history of ERP systems Current ERP system characteristics The modules of an ERP system The market segments of ERP software systems Implementation issues of ERP systems The benefits and risks of ERP systems ERP systems and the Sarbanes–Oxley Act Study Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Real World Agri-Beef Co., Idaho Annual sales in excess of $500 million Switched to ERP system to update their accounting system 6 week installation .