Assume a Company Has Many Foreign-Based Subsidiaries

question 6

Essay

Assume a company has many foreign-based subsidiaries.In what ways can ERP improve preparation of consolidated financial statements?

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Definitions:

Independent

The state of being not influenced or controlled by others in matters of opinion, conduct, or other choices.

Group Goals

Objectives or outcomes that are intended to be achieved through the collective effort of a group of people.

Culturally Relative

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Cognitive Process

A cognitive process is a mental operation that includes thinking, reasoning, decision-making, problem-solving, and imagining, among others.