Single-Source ERP Systems Are Often Easier to Integrate Than Systems

question 68

True/False

Single-source ERP systems are often easier to integrate than systems built using the best-in-breed approach.

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Definitions:

Par Value Per Common Share

The nominal or face value of a common stock as stated in the corporate charter.

Control Account

An account used to summarize and control the total of individual subsidiary ledger accounts, such as accounts receivable or accounts payable, facilitating the integrity of financial information.

Subsidiary Ledger

A detailed ledger that contains the individual accounts with a common characteristic, linked to a general ledger account.

Accounting Information System

A system used to collect, store, manage, process, retrieve, and report financial data for the users.