Transitioning from One Enterprise System to a New Enterprise System

question 91

True/False

Transitioning from one enterprise system to a new enterprise system is fairly easy due to the integrated steps involved in the process.

---

Definitions:

Consumed

Used up or exhausted, particularly in reference to resources or goods.

Liability

A financial obligation or amount owed by a business to creditors, typically reflected on the balance sheet.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, which may not coincide with the calendar year.

Supplies Account

An account used to track the cost of supplies bought and used by a business over a period.