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You have been required to prepare a written proposal explaining the accounting and financial processes from the Enterprise Resource Planning perspective to the organization's mid-level management team
You have been required to prepare a written proposal explaining the accounting and financial processes from the Enterprise Resource Planning perspective to the organization's mid-level management team. If the proposal is well received, your team will present its recommendations to senior-level management. Remember the high stakes in the scenario as you write your proposal.
Create a 1,050- to 1,400-word proposal in which you complete the following:
- Express the differences between financial and managerial accounting. An exceptional discussion will include not only identification of the statements used in each discipline but ratios and other analyses in common usage.
- Provide benefits to adopting sound financial and managerial accounting practices. An exceptional discussion will include research from the UoP library and Accounting Professional sites.
- Develop a solid plan for how the Enterprise Resource Planning system will help to solve accounting and financial reporting problems for the organization's unintegrated system and provide highlights from each step along the pathway. The assumption here is the “unintegrated” system is that described in the text. An exceptional discussion will use that but also research other ‘accounting system failures’ and include possible ERP solutions for them as well.
- Do not forget that this is to take the form of a written proposal explaining the accounting and financial processes from the Enterprise Resource Planning perspective to the organization's mid-level management team. If the proposal is well received, your team will present its recommendations to senior-level management. Remember the high stakes involved in the scenario as you write your proposal. Note that the third requirement is valued at twice the amount of the first two. You should budget your effort accordingly.
Format the paper consistent with APA guidelines.
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