Below are four levels of ERP value realization:
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Below are four levels of ERP value realization:
a. printing invoices
b. production and inventory management + a.
c. accounting and finance information integration + a. + b.
d. company-wide resource integration
Please explain the progress/improvement a company makes from level a. to b., from b. to c., and from c. to d.
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- An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designerConcepts and Terminology From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Sentence Appropriate term for completing sentence a. Advertising costs are usually viewed as (period, product) costs. b. Feedback is often used to (improve, direct) operations. c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses). d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object). e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
- With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in timeConcepts and Terminology From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Appropriate term for Sentence completing sentence a. Advertising costs are usually viewed as (period, product) costs. b. Feedback is often used to (improve, direct) operations. c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses). d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object). e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.The value chain is the sequence of business functions in which A. value is deducted from the products or services of an organization B. usefulness is added to the products or services of an organization producing and delivering the product or service is of prime importance products and services are evaluated with respect to their value to the supply chain O C. O D.
- The objective of Human resource accounting in the modern organizations is to____ a. Attract the employees b. All of the given options c. Attract the investors d. Asset valuationThe acquisition/payment process helps an organization create value for its stakeholders, which can include: Select one: a. Employees. b. Vendors. c. Stockholders. d. All of these.Per given item (A to P), Identify if it is under Financial Perspective, Customer Perspective, Learning Perspective or Internal Perspective The following items are connected to one of the four perspectives on the balanced scorecard: A. Revenue B. Inventory C. Employee satisfaction D. Customer satisfaction E. Market share F. Cycle time G. Orders M. Net Income H. Asset value N. Resource Allocation . Customer retention J. Employee education K. Quality contral L Brand strength O. Employee turnover P. Cash Flow
- A comprehensive management control system that considers both financial and nonfinancial measures relating to a company’s critical success factors is called a(n): a. Balanced scorecard system. b. Economic value added system. c. Activity-based costing system. d. Market value added system.Calculate customer-level operating incomeFrom the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:a. Advertising costs are usually viewed as (period, product) costs.b. Feedback is often used to (improve, direct) operations.c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses).d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object).e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory).f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs.g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.