large multinational organization? 3. Initially thought to be cost-effective for

Question

large multinational organization? 3. Initially thought to be cost-effective for only very large companies, enterprise systems are now being implemented in SME's to reduce costs improve service, and increase sales revenue. A firm's finance and accounting personnel play a dual role in the implementation of such a system: (1) they must ensure a good payback on the investment in information systems and (2) they must also ensure that the system meets the needs of the finance and accounting organization. Identify three or four tasks that the finance and accounting people need to perform to ensure that these two goals are met.

Explanation / Answer

The finance and accounting people need to do the follwoing tasks to ensure that these two goals are met :

1. Use Vouchers

2. Prepare Income statements

3. Prepare Cash flow statement

4. Use Double entry system

5. Regular audits

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.