Discuss the Various Costs Associated with the Implementation of an ERP

question 11

Essay

Discuss the various costs associated with the implementation of an ERP system for a large company and for a midsize company.How long does implementation take?

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Definitions:

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period of time.

Fiscal Period

A specified period of time used for financial reporting and budgeting, typically a year, quarter, or month.

Biweekly Salaries

Payments made to employees every two weeks, totaling 26 payments throughout the year.

Unearned Revenue

Money received by a company for a product or service that has yet to be delivered or performed.