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The Relationship between the Implementation of ERP Systems and the Financial and Non-Financial Reporting of Organizations

Author

Listed:
  • Laura-Eugenia-Lavinia Barna

    (Accounting Doctoral School, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Bogdan-Ștefan Ionescu

    (Management Informatics Systems Department, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Liliana Ionescu-Feleagă

    (Accounting Department, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

Abstract

Numerous studies have shown that ERP systems can improve organizational performance and efficiency. Thus, the main concepts addressed in the paper are ERP systems, their performance and the manner in which they improve financial and non-financial reporting. The purpose of this paper is to observe the relationship between ERP systems and financial reporting. The role of these systems is to ensure transparency over the financial and non-financial reporting process of an organization. The research method is represented by an archival analysis (organization’s annual reports) to highlight the relationship between ERP systems and financial and non-financial reporting, given the impact of ERP systems on the information used to prepare financial and non-financial reports and how the organization changes after implementing these systems. The results highlight the significant role of ERP systems within an organization, in terms of performance and improvements in financial and non-financial reporting.

Suggested Citation

  • Laura-Eugenia-Lavinia Barna & Bogdan-Ștefan Ionescu & Liliana Ionescu-Feleagă, 2021. "The Relationship between the Implementation of ERP Systems and the Financial and Non-Financial Reporting of Organizations," Sustainability, MDPI, vol. 13(21), pages 1-17, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11566-:d:660324
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    References listed on IDEAS

    as
    1. Mandal, Purnendu & Gunasekaran, A., 2003. "Issues in implementing ERP: A case study," European Journal of Operational Research, Elsevier, vol. 146(2), pages 274-283, April.
    2. Cristóbal Sánchez‐Rodríguez & Gary Spraakman, 2012. "ERP systems and management accounting: a multiple case study," Qualitative Research in Accounting & Management, Emerald Group Publishing Limited, vol. 9(4), pages 398-414, November.
    3. Valentin Florentin Dumitru & Nadia Albu & Cătălin Nicolae Albu & Mădălina Dumitru, 2013. "ERP implementation and organizational performance. A Romanian case study of best practices," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 518-531, June.
    4. Claudia Catalina CIOCAN & Mihai CARP & Iuliana GEORGESCU, 2021. "The Determinants of the Financial Reporting Quality: Empirical Evidence for Romania," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 19(162), pages 301-301, May.
    5. Michal Pohludka & Hana Stverkova & Beata Ślusarczyk, 2018. "Implementation and Unification of the ERP System in a Global Company as a Strategic Decision for Sustainable Entrepreneurship," Sustainability, MDPI, vol. 10(8), pages 1-16, August.
    6. Soukaina Elhasnaoui, 2021. "Analysis of the Role of IT Governance on ERP Systems Implementation," International Journal of Web-Based Learning and Teaching Technologies (IJWLTT), IGI Global, vol. 16(1), pages 18-26, January.
    7. Elena NECHITA, 2021. "The Value Relevance of Non-Financial Reporting in Determining the Market Value of Equity," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 19(162), pages 320-320, May.
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    Cited by:

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