All 6 ERP Systems (SAP/Oracle) questions
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What is an ERP system? 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? 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)

Why is master data important in an ERP?

Intermediate

Answer

Vendor, customer, GL and item master records drive every transaction; poor master data (duplicates, wrong tax codes) causes errors across all modules.
Duplicate vendor master -> duplicate payments risk
Real-world example A master-data governance process prevents duplicate or fraudulent vendors.
All 6 ERP Systems (SAP/Oracle) questions