acc310-1304b-01 accounting for non-accounting majors

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COLORADO TECHNICAL UNIVERSITY ONLINE ACC310-1304B-01 ACCOUNTING FOR NON-ACCOUNTING MAJORS INSTRUCTOR: Sherilyn Reynolds By Silvia Lopez December 8, 2013

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C O L O R A D O T E C H N I C A L U N I V E R S I T Y O N L I N E

A C C 3 1 0 - 1 3 0 4 B - 0 1 A C C O U N T I N G F O R N O N - A C C O U N T I N G M A J O R S

INSTRUCTOR: Sherilyn ReynoldsBy

Silvia LopezDecember 8, 2013

E N T E R P R I S E R E S O U R C E P L A N N I N G S Y S T E M

ERPS Is a system that helps manufactures have a better process of

developing their software or their products. Companies started to

update their processing by implementing sales system, financial

systems, purchasing steams, and inventory systems. ERPS replaces

all local systems by an integrated system that supports all the

business functions.

Integrated is a way of sharing information with all the companies

and all their employees. If a sales in the company comes in the

ERPS check the level of inventory and if the company do not have

good inventory level then it allows for purchasing new stuff to get

to the perfect level.

ERPS will continue to be used in the future because it makes

business more efficient, more profitable and pays employees on

time.

E N T E R P R I C E D E P A R T M E N T S

ProductionSalesFinanceHRLogistics

T H E W A Y E M P L O Y E E S H A N D L E D A C H A N G E T O A N E R P S Y S T E M ?

ERP system is very important for a business success so is important for

employees to adapt to new changes and understand what is the new program by

educating them and training them in all changes in the program. Demo videos

have been used to train them and also real time testing. Employees have been

facing stress since it take constantly training in the ERP system.

Employees have also been dealing with many more hours and more opportunities

in the company. With the new ERP system employees are becoming more

responsible and more multitasking.

Nobody likes changes specially if an employee is used to working the old

ways. That’s why top managers are helping employees with their morale and

motivate them in to the new and better change.

Employees are making decision they were never require to make. Making

different things they were never require to do.

Advantages-Safer then tradition ITSafer then having our own server, it’s a multi level security system. Has the best business administrators working behind it and allows less inventory time.Get all the application necessary for a successful company in one place. Easy set up, no waiting time. No conflicting software, very reliable, no downtime and malfunction, always availability, always up to date and flexible.

A D V A N T A G E S A N D D I S A D V A N T A G E S O F E R P S Y S T E M

DisadvantagesIt forces employees to change and might become resistance. Employees need to be able to control the new system.It involves to much implementation that some companies can not handle and fail in their business. It can be to expensive and it can cost as twice to customize.

C O M P A N I E S H A V E E N C O U N T E R E D P R O B L E A M S W I T H E R P S Y S T E M

Many companies have faced with poor fit. The software was not a

good fit for their company.

Some businesses do not have the right understanding of their needs

and processes and don’t appreciate the new software and fail.

Companies like engineering and construction firms have faced with

critical factors for not having a better understanding of the new

ERP system.

E R P S Y S T E M H E L P O R H I N D E R I N T E R N A L C O N T R O L ?

The new ERP system is to help the internal control by providing in detecting and

preventing fraudulent activity. ERP offers protection to all related resources I the

company.

ERP also helps by leading the company to disciplined organizational governance because

it works under the regulations and requirements of Sarbanes-Oxley.

ERP helps companies with controlled environment, risk assessment, provides information

and communication, and monitors all activities.

Companies should understand that every employee in the companies has to take

responsibilities in maintain a good internal control.

R E F E R E N C E S

Employees reaction to the new ERP system TJP . By Byron A. Ellis June 2008. pp 1-41 Retrieved on December 9, 2013 from http://

www.jethroproject.com/Procedural%20Justice%20Rev1.pdf Advantages and Disadvantages from ERP system Sba faculty by Scott. Retrieved on December 9, 2013 from http://

www.sba.pdx.edu/faculty/scottc/day5/sld073.htm ERP software Blog. Internal Control. Broad point technology, LLC. By Don Carnevale. January 18, 2011. Retrieved on December 9, 2013 from: http://

www.erpsoftwareblog.com/2011/01/internal-controls-the-role-your-erp-system-plays-in-protecting-and-preventing-troub