ERP MODULES (STUDY OBJECTIVE 4)
Exhibits 15-1 and 15-2 depicted simple overviews of ERP systems. The ERP systems used by today's large organizations are actually more complex and encompass more of the enterprise than the systems depicted in Exhibits 15-1 and 15-2. The top-selling ERP system for large corporations and organizations is SAP. SAP describes its current ERP system as having many modules. Exhibit 15-3 is adapted from information provided on the SAP website.
Exhibit 15-3 SAP® View of ERP Modules
The top-selling ERP system for large corporations and organizations is SAP. SAP describes its current ERP system as having many modules. Exhibit 15-3 is adapted from information provided on the SAP website.
This section will not describe each of these modules in detail, but will focus on those modules most closely tied to accounting.
FINANCIALS
The financials module contains what is normally considered the components of an accounting system. This includes the general ledger, special journals, and subsidiary ledgers for processes such as sales, cash receipts, purchasing, cash disbursements, and the remaining processes discussed in earlier parts of this book.
The difference between a typical accounting software system and the financials module of an ERP system is that the financials module is tightly integrated to the other modules on a real-time basis. This means that as events occur ...
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