1. What is “open-source” software? 2. Discuss the advantages of

1. What is “open-source” software?
2. Discuss the advantages of adopting open-source software.
3. Discuss the disadvantages of adopting open-source software.
4. Why did the Kuali Project partners decide to make this an open-source system?
5. Why did the Kuali partners establish the Commercial Affiliates Program?

The Kuali Financial System is an open-source enterprise financial information system for colleges and universities developed by seven higher education institutions for free and unrestricted use by anyone, including the entire higher education community.
The Kuali Financial System (KFS) consists of the following modules: Chart of Accounts, Financial Transactions and General Ledger, Workflow, Capital Assets, Budget, Labor Distribution, Accounts Receivable, Purchasing and Accounts Payable, and Research Administration/Contracts and Grants. A higher education institution can choose whether to install all or just some of these modules, so the system can be tailored to suit the needs of institutions of varying size and complexity ranging from small colleges to large multi campus research universities.

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