Chapter 15-1 Chapter 15: Accounting and Enterprise Software Introduction Integrated Accounting Software Enterprise-Wide Information Systems Selecting a Software Package
Dec 22, 2015
Chapter 15-1
Chapter 15:Accounting and Enterprise
Software
Introduction
Integrated Accounting Software
Enterprise-Wide Information Systems
Selecting a Software Package
Chapter 15-2
Introduction
Advances in Accounting Software Initially processed bookkeeping transactions Developed into powerful and complex data
collection programs
Enterprise Resource Planning Systems (ERP) Provide all accounting functions Interfaced with multiple functional areas of
business Manufacturing, Sales and Distribution, HR
Applications
Chapter 15-3
Integrated Accounting Software
Function Process all types of accounting transactions Transactions affecting general and special journals
Modules Organizes transaction processing in modules Provides links between modules Include Accounts Receivable, Accounts Payable,
Inventory, and Payroll
Chapter 15-4
Features of Integrated Accounting Software
Programs
Chapter 15-5
Information Needs of Small Business Owners Cash Flows Evaluating Profitability
Popular Software Packages Quickbooks by Intuit Peachtree Accounting
Small Business Accounting Software
Chapter 15-6
Features of Software Vary by provider Numerous reports including financial statements and
budget reports Scalability Internet Connectivity
Adoption Owners must still learn the various features of the
programs
Small Business Accounting Software
Chapter 15-7
Utilization Transaction processing needs grow Volume and complexity
Popular Software Packages Microsoft Dynamics GP SAP Business One Epicor Sage software’s MAS 90, MAS 200 Everest
Midrange and Large-Scale Accounting Software
Chapter 15-8
Cost Considerations Range from $2,000 to over $300,000
Features Multi-currency transactions Currency conversions Various modules and interfaces (CRM, HR) Deployment options (desktop, web-browser) Hosted solutions
Midrange and Large-Scale Accounting Software
Chapter 15-9
Midrange Accounting Software Integration
Chapter 15-10
Specially designed software for specific industries Schools, Dental Offices, Pet Retailers
Can be designed as add-on modules for integrated software packages
Independent developers create programs to interface with integrated packages
Specialized AccountingInformation Systems
Chapter 15-11
Which of the following accounting software programs would be appropriate for a small business (e.g., a sole proprietorship with 20 employees)?
A.SAP
B.QuickBooks
C.NetSuite
D.Oracle
Study Break #1
Chapter 15-12
Which of the following accounting software programs would be appropriate for a small business (e.g., a sole proprietorship with 20 employees)?
A.SAP
B.QuickBooks
C.NetSuite
D.Oracle
Study Break #1 - Answer
Chapter 15-13
Mid-level accounting software:
A.Can only be deployed through a server networked with desktop computers
B.May be purchased in modules that match various business processes
C.Will not be appropriate for a multinational company because these programs cannot handle foreign currencies
D.Is generally inappropriate for a company operating in a specialized industry, such as retail or not-for-profit
Study Break #2
Chapter 15-14
Mid-level accounting software:
A.Can only be deployed through a server networked with desktop computers
B.May be purchased in modules that match various business processes
C.Will not be appropriate for a multinational company because these programs cannot handle foreign currencies
D.Is generally inappropriate for a company operating in a specialized industry, such as retail or not-for-profit
Study Break #2 - Answer
Chapter 15-15
Enterprise Resource Planning Systems (ERP) Enterprise software and Business application suites Integrated program with central database
Popular Products Microsoft Dynamics AX SAP All-in-One Oracle Sage MAS 500
Enterprise-Wide Accounting Software
Solutions
Chapter 15-16
Enterprise System Functionality
Basic ERP Functions Integration among major business processes Order processing and Fulfillment, Manufacturing,
Purchasing, and Human Resources
Extended ERP Systems Back-office functions Front-office functions
Chapter 15-17
Extended ERP Systems
Supply Chain Management (SCM)
Customer Relationship Management (CRM)
Business Intelligence Tools (BI)
Partnership Relationship Management (PRM)
Chapter 15-18
ERP System Integration
Chapter 15-19
Supply Chain Example
Chapter 15-20
The Architecture of Enterprise Systems
Chapter 15-21
The Architecture of Enterprise Systems
Systems Configurations Often run on company’s system Hosted solutions help alleviate risks
Centralized Database Each data item stored once Prevents data redundancy Data immediately available to all business functions
Chapter 15-22
The Architecture of Enterprise Systems
Application Interfaces Best-of-breed approach Enterprise application integration(EAI)
Internet Portals Gateways to other web sites Enhances communication and productivity among
employees, customers, partners, and suppliers
Chapter 15-23
Which of the following is distinguishing characteristic of an enterprise-wide (ERP) system?
A.Must be a hosted solution
B.Multiple databases
C.Integration of business functions
D.Low cost
Study Break #3
Chapter 15-24
Which of the following is distinguishing characteristic of an enterprise-wide (ERP) system?
A.Must be a hosted solution
B.Multiple databases
C.Integration of business functions
D.Low cost
Study Break #3 - Answer
Chapter 15-25
Components of an ERP’s architecture typically include:
A.A centralized database and application interfaces
B.Internet portals and multiple databases
C.A centralized database running on a mainframe computer
D.Business intelligence and multiple databases
Study Break #4
Chapter 15-26
Components of an ERP’s architecture typically include:
A.A centralized database and application interfaces
B.Internet portals and multiple databases
C.A centralized database running on a mainframe computer
D.Business intelligence and multiple databases
Study Break #4 - Answer
Chapter 15-27
ERP Integration Entails reengineering an organization Encourage conformity with best practices
BPR Success Planning High-level review of process Support from top management
Business Process Reengineering and ERPs
Chapter 15-28
Key Aspects of BPR Success
Chapter 15-29
Costs and Benefitsof Enterprise Systems
Chapter 15-30
Sales Dashboard Example
Chapter 15-31
Anatomy of a Digital Dashboard
Chapter 15-32
Measuring the Value of an ERP
Chapter 15-33
Summary of Software Packages
Chapter 15-34
When is a New AIS Needed?
Chapter 15-35
Approach will vary Complexity of the business and software Packaged software or custom system
Acquiring Software Utilization of value-added reseller (VAR) Vendor consultants
Selecting the Right Software
Chapter 15-36
Copyright
Copyright 2012 John Wiley & Sons, Inc. All rights reserved.
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Chapter 15-37
Chapter 15