Capital Expenditure Process

Capital Expenditure Process

Challenges

What would you consider the most challenging or difficult aspect of the capital expenditure process and why (for example, when the company embarks on changing its current accounting information systems to an ERP system)? add reference

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Every organization goes through a process of resource acquisition, in which case it would have to assess the available capital and determine the assets needed to further its productivity. As the business grows, it develops a need for a well-integrated system that would facilitate effective capital expenditure according to the needs of the organization with the limited time taken assessing the inventory. Modern organizations have often made use of ERP systems to automate processes within the businesses, the consequences of which has been an increase in the amount of information available within the accounting information systems (Daoud, 2013). Nonetheless, accounting professionals are still required to make use of this information to develop statements for the company’s financial position, which has resulted in increased complexity of the accounting functions with no additional time available to conduct the analysis. Consequently, one of the primary challenges within the capital……………….

APA 314 words