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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Explain why it is important to capture the who, what, where, and when in describing business events.

Summary Introduction

To explain: The importance of documenting business events.

Introduction:

Enterprise resource planning (ERP) system:

It is the combined management of different activities including the core business functions such as human resources, back room activities and other with the help of well-developed software and technology.

Explanation

The importance of documenting business events:

The data of business process activities must be carefully documented. The who, what, where and the other aspects of a business must be properly recorded. The data must be accurate such that the third party with no relationship with the business must be able to reconstruct the happenings...

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