1. Describe the differences between financial and managerial accounting (provide real
life example).
2. Identify and describe problems associated with accomting and financial reporting in
unintegrated information systems (provide real life example).
3. Explain how ERP systems can help solve accounting and financial reporting
problems that occur in an unintegrated system (provide real life example).
4. Understand how the Enron scandal and the Sarbanes-Ofley Act of 2002 have
affected accounting information systems (provide real life example).
5. Outline the accounting and management-reporting benefits that accrue from having
an ERP system (provide real life example).
6. Explain the importance of Extensible Business Reporting Language (XBRL) in
financial reporting (provide real life example).
