The Impact of enterprises resource planning system on capital budgeting (Special Reference in Sri Lankan Organizations)

Abstract

Purpose – the purpose of this paper is to provide further investigation of the impact of Enterprises Recourse Planning System o Capital Budgeting. It aims at implementing ERP System changes the Capital Budgeting functions and discusses how the role of management accountants and their work tasks in ERP implementation. Design/methodology - A survey was conducted to conduct to collect data on several aspects of Capital Budgeting and the role of management accountants and their work tasks in ERP implementation. Design/methodology - A survey was conducted to conduct to collect data on several aspects of Capital Budgeting and the role of management accountants and their work tasks in ERP implementation. Findings - Results indicate that ERP system have had an impact on capital budgeting. System provides more real-time and accurate information to budgets and reports, and organizations have also introduced advanced management accounting techniques after the implementation As regards the time use of controllers the results exhibit that the respondents have used less time on budgeting after the ERP implementation. Finally, controllers in the study consider that the implementation of ERP system has made skills such as IT skills and knowledge of other functional areas more important. Capital Budget, Managements Accounts