ERP Assignment

An accounting information system can be loosely described as a system used to record the transactions of a business so as to provide information to both internal and external stakeholders of a business. Many small to medium companies have expanded nationally to trade on a large scale and have even expanded offshore. This has resulted in many large to medium local and global companies making use of Enterprise Resource Planning(ERP) software to integrate their many functions like sales and distribution, material management, production planning, asset management, human resources and many processes like sales, production etc. There are a number of case companies that have praised ERP software in resolving many of their problems although there are a few who have indicated that ERP implementations have failed. As a result of the Enron collapse, bankruptcy of high profile companies like World-Com and Global Crossing, the Sarbanes-Oxley Act was passed in the US. This Act had implications for top management accountability, auditor independence and disclosure on reports amongst other things. The Act also had implications for ERP software providers.