Enterprise Resource planning (ERP) software

May 12th, 2015
Studypool Tutor
California State University - Los Angeles
Course: general
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Many tedious accounting practices have been simplified with the help of computer software. Enterprise resource planning (ERP) software provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources.

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1ccountancy (UK), oraccounting (US), is the production of financial records about anorganization.[1][2]Accountancy generally producesfinancial statementsthat show in money terms theeconomic resourcesunder the control of management; selecting information that is relevant and representing it faithfully. Theprinciplesof accountancy are applied to accounting,bookkeeping, andauditing.[3]Many tedious accounting practices have been simplified with the help of computer software.Enterprise resource planning(ERP) software provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. This software can replace up to 200 individual software programs that were previously used. Computer integrated manufacturing allows products to be made and completely untouched by human hands and can increase production by having less errors in manufacturing process. Computers have reduced the cost of accumulating, storing, and reporting managerial accounting information and have made it possible to produce a more detailed account of all data that is entered into any given system. Computers have changed business to business interaction through e-commerce. Rather than dealing with multiple companies to purchase products a business can purchase a product at a less expensive price and take out the third party and vastly reduces expenses companies once accrue

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