Chapter 15

What are the traditional functions of ER?

Back-office functions which primarily deal with the internal systems, such as manufacturing and human resources/

When are mid range software packages useful?

When trnasaction processing needs grow in volume and in complexity.

What are two important features of ERP software?

Central databse and intergration

What is Enterprise Resource Planning?

ERP is a high end accounting software that are designed using REA model and use relational database technology as the underlying implementation platform.

What does central database store?

Eahch data item just once and makes it immediately available to all the various functions in an organization.

What are today's ERP systems function?

Extended with e-business and other front office capabilities, and have the ability to interface with customers and suppliers through a variety of applications.

What can ERP intergrate?

Financial module with other subsytems (eg. human resources, manufacturing, distribtuion.)

What are some popular small business accounting softwares?

Microsoft small business accounting, quickbooks and Quicken and Peachtress

Give examples of mid range accounting softwares?

Micrsoft Dynamic GP, SAges Software MAS 90 etc.

What are accounting software's primarily used for?

Process bookkeeping tansactions with great speed and accuracy

Give exmples of ERP systems?

SAP. Oracle/PeopleSoft, Microsoft Dynamics GP enterprise.

What is small business accounting software good for?

Solution for businesses with less than $5m in revenue, few employees and relatively a small number of transactions per month.