Exam 5: Accounting in Erp Systems

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Explain how activity based costing would be implemented using an ERP system.In doing that,explain the advantage of using ERP with activity based costing.

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List ways in which an ERP system can prevent or minimize fraud in a company.

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In ____,activities associated with overhead cost generation are identified and then records are kept on the costs and on the activities.

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It is very easy to delete items in the ERP system.

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In an ERP system,the balance sheet and P&L statements are ____.

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Activity-based costing treats overhead costs as more direct than traditional cost-accounting methods have treated them.

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Explain how SAP ERP built-in management reporting and analysis tools are an advantage to an organization.

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The key feature of any ERP system is the ability to drill down from a report to the source documents (transactions)that created it.

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