prennine ERP) system An p system is a software system that provides each of the
ID: 2405469 • Letter: P
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prennine ERP) system An p system is a software system that provides each of the fellowing E o Physical controls for the prevention of inventory thef z8 Which of the following is NOT a feature of an ERP system's database? R Increased need for data storage within functional areas increased D. Increased data sharing across functional areas 29. What company developed the first true ERP systems? A. Microsoft C SAP D. IBM 30. In the late 1990s, the Y2K compatibility issue was concerned primarily with computer systems A. File retrieval capability B. Data storage C. Human resource comparisons D. Capital budgeting 31. In an audit of financial statement in accordance with generally accepted auditing standards, an auditor is required to: A. Document the auditor's understanding of the client company's internal controls B. Search for weaknesses in the operation of the client company's internal controls. C. Perform tests of controls to evaluate the effectiveness of the client company's internal controls. Determine whether controls are appropriately operating to prevent or detect material misstatements. D.Explanation / Answer
26. Option D reduced error becuase when a company implements ERP it is still a new thing for them eading to errors
27. Option D, ERP system can provide logical reports regarding inventory items status in finished goods, WIP and raw material but it can not provide physical security to them
28. Option B, ERP does not increase the need for the more data storage, infact it reduces the needs
29. SAP developed the first true ERP
30. Option A
31. Option D
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