Scenario: You have been required to prepare a written proposal explaining the accounting and financial processes from the Enterprise Resource Planning perspective to the organization’s mid-level management team. If the proposal is well received, your team will present its recommendations to senior-level management. Remember the high stakes involved in the scenario as you write your proposal.
Create a 1,050- to 1,400-word proposal in which you complete the following:
Express the differences between financial and managerial accounting.
Provide benefits to adopting sound financial and managerial accounting practices.
Develop a solid plan for how the Enterprise Resource Planning system will help to solve accounting and financial reporting problems for the organization’s unintegrated system, and provide highlights from each step along the pathway.