What Are the Main Issues to Be Considered in Phase

question 48

Essay

What are the main issues to be considered in Phase 1: Adoption-Determining the Need for an HRIS? Identify and briefly describe the five issues.

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Definitions:

Ledgers

Financial records that contain a detailed account of all the financial transactions of a business.

Accrual Basis

An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid out, not when they are earned or incurred.

Time Basis

A method of compensation or work arrangement based on the amount of time spent on a job rather than the task's outcome.