ICT · Information Technology
In a modern enterprise information system, the financial & accounting system is characterised by which of the following features?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only external financial reporting needs are addressed; internal management information is out of scope
- 2Manual entry of all transactions into standalone accounting software with no upstream business process linkage
- 3Separate databases for each functional department so as to preserve absolute departmental autonomy
- 4A centralised database that enables integration of business-process modules such as Procure-to-Pay, Order-to-Cash and general ledger✓
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A centralised database that enables integration of business-process modules such as Procure-to-Pay, Order-to-Cash and general ledger
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