Enterprise Resource Planning/Accounting

Completion status: this resource is ~50% complete.

This is a course about enterprise resource planning (ERP) accounting, or ERP accounting.

Educational level: this is a tertiary (university) resource.

Subject classification: this is an information technology resource.

Programme

This is a module part of the Open Source ERP/Executive Masters course conducted by a private university.

Subject

ERP Accounting - From Basics to Financial Management

Objectives

The objectives of this subject are:

• To grasp the core Accounting Principles behind ERP processes
• To appreciate the global different localisation on Accounting
• To know the Accounting Consequences of the main Document Types
• To understand the Financial Management needs and issues of ERP

Learning Outcomes

On completion of this subject the students shall be able to:

• Demonstrate basic simple accounting equations
• Perform GL Journal entries in the ERP application
• Trace the Accounting Consequence of each document process in ERP
• Troubleshoot and suggest modifications to the accounting model
• Produce Financial Reports from the ERP System

Sypnosis

This subject handles just enough accounting and financial aspects of the ERP system. It covers the supply chain accounting consequences, where the ERP produces a complete balanced set of financial reports for periodic as well as regulatory purposes.

Subject Details

Basic Accounting

(15 hrs)

• ^1 - Concept of ERP Accounting (Perpetual, and Default Accounts Posting)
• ^2 - Accounting Equation and Its Transactions (Assets, Liabilities, Revenues, Costs)
• ^3 - Basic trial balances, T-accounts and drawing up simple accounts

Accounting Setup

(20 hrs)

• ^4 - Commitment and Accrual Accounting
• ^5 - The Chart of Accounts
• ^6 - Accounting Schemas
• ^7 - Budgetary Planning

Accounting Consequence

(20 hrs)

• ^9 - Accounting Types
• ^10 - Document Type concept
• ^11 - Integration of AR / AP in ERP
• ^12 - Source Code Classes

Account Viewer

(15 hrs)

• ^13 - Account Type
• ^14 - Summary and Groupings
• ^15 - Dimensions

Project Accounting

(20 hrs)

• ^16 - Activity Based Accounting
• ^17 - Project Code
• ^18 - RFP and Tender Handling
• ^19 - e-Bidding and e-Marketplace

GL Journal

(15 hrs)

• ^20 - Double Entry via Journal Batches
• ^21 - Processing Batches
• ^22 - Journal Proof

Product Assets

(15 hrs)

• ^23 - Type of Assets
• ^24 - Fixed Assets Accounting
• ^25 - Production Assets Accounting
• ^26 - Assets Maintenance

See Also

• Project Reference
• Accounting Dictionary