Traditional management accounting tools such as Job Costing, Process Costing and CVP analysis… 1 answer below »

Traditional management accounting tools such as Job Costing, Process Costing and CVP analysis are indispensable tools in business. However, there are drawbacks. Modern ERP (Enterprise Resource Planning) systems can overcome many of the limitations. Should all medium and large business enterprises install these systems? Outline the benefits and drawbacks of ERP systems.