Modules That Are Offered as Part of an ERP System

question 27

Multiple Choice

Modules that are offered as part of an ERP system include:

• A) Manufacturing
• B) Finance
• C) Human resources
• D) Supply chain management
• E) All of the above

---

Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, usually a fiscal quarter or year, to calculate net income.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Net Income

The net earnings of a company, calculated by deducting all operating costs and taxes from the total income.

Adjusting Entries

Entries recorded in the journals at the conclusion of a fiscal period to distribute revenues and costs to the timeframe in which they genuinely took place.