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Your team represents a consulting firm that has been selected to explain the benefits of adopting an Enterprise Resource Planning system for an organization

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Your team represents a consulting firm that has been selected to explain the benefits of adopting an Enterprise Resource Planning system for an organization. The organization is considering possible major layoffs if revenue and efficiencies cannot improve.

Your team has been contracted to prepare and present a proposal and presentation to the senior management team. The team should prepare and deliver the presentation by explaining the accounting and financial processes from the Enterprise Resource Planning and accounting processes perspective.

• Describe the differences between financial and managerial accounting.