Český finanční a účetní časopis 2017(2):71-88 | DOI: 10.18267/j.cfuc.497

Potential risks during ERP implementation: view from the perspective of accounting

Jana Singerová
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, nám. W. Churchilla 4, 130 67 Praha 3.

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.

Keywords: ERP systém; Implementation; Risk factor during implementation; IFRS; Accounting.
JEL classification: M15, M41

Published: February 1, 2018  Show citation

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Singerová, J. (2017). Potential risks during ERP implementation: view from the perspective of accounting. Czech Financial and Accounting Journal, 2017(2), 71-88. doi: 10.18267/j.cfuc.497
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