371 QUIZ 2 Questions Answers 2022/2023

ERP - Answer- enterprise resource planning - revenue cycle - expenditure cycle - production cycle - H/R payroll cycle - general ledger and reporting accounting information systems vs ERP - Answer- netsuite - Answer- most deployed cloud ERP used by 10K companies over 100+ countries why do they choose netsuite? - last ever ERP upgrade - no version lock - eliminates applicatoin hairball - deploys in months not years - modern, flexible, and evolving - dramatically lowers IT cost why do colleges teach netsuite - used for coursework in everything - includes unlimited demo tries - growing software entity - Answer- something about wich information is stored (customer, products) attributes - Answer- for each entity there are certain characteristics of interest that the company wants stored field - Answer- a field is an individual characteristic of interest that a company can store information. when information is entered into these fields, they are called data values records - Answer- the total of field containing data about entity attributes constitutes a record. these records usually correlate to an entity file - Answer- a file is a group of related records database - Answer- is a set of interrelated, centrally coordinated file. (ie AR database may include a customer master file, an AR transaction file, ar againg information) - efficiently and centrally coordinates information for a related group of files - a file is a related group of records - a record is a related group of fields - a field is a s