All 6 ERP Systems (SAP/Oracle) questions
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What is the role of the General Ledger module in an ERP? What is a sub-ledger and how does it reconcile to the GL? Why is master data important in an ERP? Explain the procure-to-pay (P2P) and order-to-cash (O2C) cycles. How does period-end close work in an ERP?
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Accounting Software & Systems › ERP Systems (SAP/Oracle)

What is an ERP system?

Beginner

Answer

Enterprise Resource Planning software that integrates finance, procurement, sales, inventory, HR and more into one shared database so data flows across modules.
GL + AP + AR + Inventory + Procurement sharing one database
Real-world example A large company runs finance and operations together in SAP or Oracle.
All 6 ERP Systems (SAP/Oracle) questions