Task: Research the fundamental processes that occur within the expenditure and production cycles and financial reporting. These processes include the following:
- Software or services for inventory or asset tracking
- Supply chain management
- Investment and cash management
- Cost or job accounting
- Production management
- Vendor evaluations and records
Analyze how the given fundamental processes will support the expenditure and production cycles and financial reporting activities of your company. (HOME BASE CAKE DECORATING)
Also, select and describe the software that your company will use for account transaction processing and financial reporting.
If you are using a comprehensive enterprise resource planning (ERP) package, such as Systemanalyse und Programmentwicklung (SAP), specify and describe which modules will be used that are related to the expenditure and production cycles and financial reporting