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:

Inferential Statistics

A branch of statistics that allows one to make predictions or inferences about a population based on a sample of data drawn from that population.

Statistics

The branch of mathematics dealing with data collection, analysis, interpretation, and presentation.

Correlated

A statistical relationship indicating that two variables move in relation to each other, either positively or negatively.

Relationship

How two or more entities, things, or persons relate to each other, or their state of linkage.