Final answer:
The statement is false; ERP systems are well-equipped to perform financial planning models and calculations, enabling complex financial analysis and simulations.
Step-by-step explanation:
The statement that computer-based systems such as ERP systems cannot perform calculations for financial planning models is false. ERP (Enterprise Resource Planning) systems are designed to integrate various organizational systems and facilitate error-free transactions and production. They are capable of handling complex data and performing extensive financial calculations. Such systems often encompass modules for financial planning, which allow organizations to conduct their financial analysis, budgeting, forecasting, and planning. Moreover, they can handle sophisticated simulations to help with understanding the potential financial outcomes of different scenarios. Tools like these are essential in fields such as business analysis and financial management.