©FYNDLAY 2025 ALL RIGHTS RESERVED
Chapter 1: Intro to ERP Systems Exam
Questions and Answers 100% Pass
Database serves as... - ANS a single source of truth for the organization
Enterprise Resource Planning (ERP) - ANS business systems that integrate and streamline
data across the company into one complete system that supports the needs of the entire
enterprise
Legacy Systems - ANS older, stand alone, disparate business systems,
Cross-functional - ANS supporting the information requirements of more than one functional
area,
process-centered - ANS application enables a clear, complete, logical, and precise view of the
organizations business processes
business process - ANS a collection of activities that together add value
Modules - ANS groups of related programs performing a major function within the system
(ex: manufacturing, accounting)
-used by vendors as pricing units
Core ERP - ANS Finance, Human Capital Management (HCM), Logistics
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
Back Office Systems - ANS ERP's were historically seen as this
- used to integrate 'back office' functionality such as accounting, finance, purchasing, HCM and
order fulfillment
Extended ERP - ANS Additional modules such as CRM and SCM, analytics, PLCM
IT Auditor - ANS highly trained in auditing information systems
Application Controls - ANS programmed controls in the ERP software that maintain the
accuracy, reliability, completeness, security, and privacy of the data
Three-Way-Match - ANS Purchase order is matched with the corresponding goods receipt
and supplier invoice in the ERP system
When does a company need an ERP system - ANS - too many business problems and
unanswered questions
- changing business model
- desire for growth
- need for advanced functionality
- too many business systems supporting processes
-lack of compliance
ERP Advantages - ANS -Data integration - data is captured once and shared across the
enterprise
©FYNDLAY 2
Chapter 1: Intro to ERP Systems Exam
Questions and Answers 100% Pass
Database serves as... - ANS a single source of truth for the organization
Enterprise Resource Planning (ERP) - ANS business systems that integrate and streamline
data across the company into one complete system that supports the needs of the entire
enterprise
Legacy Systems - ANS older, stand alone, disparate business systems,
Cross-functional - ANS supporting the information requirements of more than one functional
area,
process-centered - ANS application enables a clear, complete, logical, and precise view of the
organizations business processes
business process - ANS a collection of activities that together add value
Modules - ANS groups of related programs performing a major function within the system
(ex: manufacturing, accounting)
-used by vendors as pricing units
Core ERP - ANS Finance, Human Capital Management (HCM), Logistics
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
Back Office Systems - ANS ERP's were historically seen as this
- used to integrate 'back office' functionality such as accounting, finance, purchasing, HCM and
order fulfillment
Extended ERP - ANS Additional modules such as CRM and SCM, analytics, PLCM
IT Auditor - ANS highly trained in auditing information systems
Application Controls - ANS programmed controls in the ERP software that maintain the
accuracy, reliability, completeness, security, and privacy of the data
Three-Way-Match - ANS Purchase order is matched with the corresponding goods receipt
and supplier invoice in the ERP system
When does a company need an ERP system - ANS - too many business problems and
unanswered questions
- changing business model
- desire for growth
- need for advanced functionality
- too many business systems supporting processes
-lack of compliance
ERP Advantages - ANS -Data integration - data is captured once and shared across the
enterprise
©FYNDLAY 2
