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Potential risks during ERP implementation: view from the perspective of accounting
[Potenciální rizika při implementaci ERP systému z pohledu účetnictví]

Author

Listed:
  • Jana Singerová

Abstract

The article outlines the risks associated with the implementation of the new information system in the company. The core of the article is the analysis of risk factors in the various phases of ERP system life from the point of view of accounting and its basic functions, ensuring a fair and true view of accounting in the financial statements. Analysis has been made based on secondary date and its application to the accounting needs. Many implementations end with exceeded budget, time schedule or both. Main risks are identified in the chapter 3. From the perspective of accounting, the riskiest phases are system selection, implementation and production system, and the bottlenecks are migration of transaction and master data, decision on setting the correct date for transition to the new system, and ensuring the balance sheet continuity of accounting books in both systems. Accounting risks are also relating to non-compliance with the tax obligations and penalties and fines resulting therefrom. Minimizing these risks helps identify key success factors for each phase.

Suggested Citation

  • Jana Singerová, 2017. "Potential risks during ERP implementation: view from the perspective of accounting [Potenciální rizika při implementaci ERP systému z pohledu účetnictví]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2017(2), pages 71-88.
    • Handle: RePEc:prg:jnlcfu:v:2017:y:2017:i:2:id:497:p:71-88
    DOI: 10.18267/j.cfuc.497
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    More about this item

    Keywords

    ERP systém; Implementation; Risk factor during implementation; IFRS; Accounting; Implementace; Rizikové faktory při implementaci; Účetnictví;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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