As a Processing Tool in an Accounting Information System, ERP

question 58

Multiple Choice

As a processing tool in an accounting information system, ERP software is capable of generating outputs in the form of general-purpose financial statements.Which of the following statements is most true?

• A)The financial management module alone contains all the information a company needs to produce its financial statements.
• B)All four common ERP system modules provide information to the general purpose financial statements.
• C)A company needs to create a fifth module called "financial statement creation" if it wants to use an ERP system to create its financial statements.
• D)None of these statements is true.