Difference between master data and transaction data

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Q.1. Explain the difference between master data and transaction data in an enterprise system and how are they related. Support your answer with examples.

Q.2. Distinguish between a business function and a business process. Describe how a business process cuts across functional lines in an organization.

Q.3. Explain the general ledger, subsidiary ledgers, and reconciliation accounts. Illustrate how they are related.

Q.4:- a. Recent enterprise systems combine a collection of intra-company process-based systems and inter-company process-based applications. Explain.

b. How material groups different from material types? Explain with examples.

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The present solution is based on material acquisition, management process, and business process/functionality. The assignment comprises of questions which were answered in more than 1000 words in APA format. All the answers were based on published literature and that they were cited to the end of solution. The solution is also prepared on the basis of given instruction and is free from any form of plagiarism.

Reference no: EM131413072

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