On the following Web sites you will find several online demonstrations for the SAP and Oracle ERP systems. Visit these Web sites ^nd explore their content by doing the following:

a. The SAP Web site is www.sap.com/solutions. Watch the video and explore any of the other enterprise applications of interest. Click on mySAP ERP and watch one or more of the video demos and read several of the articles, such as the customer successes. Click on mySAP ERP Financials and watch one or more of the demos and read several of the articles.

b. The Oracle Web site is www.oracle.com/solutions/mid/demo.html. Explore the Web site like you explored the SAP site.

Required After viewing the Web sites and based on your reading of the chapter, describe how an ERP can connect and integrate the revenue, expenditure, human resources/payroll, and financing cycles of a business.

Transcribed Image Text:

Table 2-6 Documents, Journals, and Ledgers for S&S Title Purpose Documents Sales Invoice Service Invoice Delivery Ticket Monthly Statement Credit Memo Purchase Order Receiving Report Time Card Specialized Journals Sales Cash Receipts Purchases Cash Disbursements General Journal Subsidiary Ledgers Accounts Receivable Accounts Payable Inventory Fixed Assets General Ledger Record cash and credit sales of merchandise Record sales of repair services Record delivery of merchandise to customers Inform customers of outstanding account balances Support adjustments to customer accounts for sales returns & allowances and sales discounts; also support write-off of uncollectible accounts Order merchandise from vendors Record receipt of merchandise from vendors, indicating both quantity and condition of items received Record time worked by employees Record all credit sales Record cash sales, payments from customers, and other cash receipts Record all purchases from vendors Record all cash disbursements Record infrequent, nonroutine transactions; also record adjusting and closing entries. Maintain details about amounts due from customers Maintain details about amounts due to vendors Maintain details about each inventory item Maintain details about each piece of equipment and other fixed assets Maintain details about all major asset, liability, equity, revenue, and expense accounts