Question

Match each description with the system principle it best reflects. Principle Description 1. The accounting information system

Compatibility principle

Control principle

Cost Benefits principle

Flexibility principle

Relevance principle

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1.Conforms to the company structure – Compatibility principle

2.Greater benefits than costs – Cost Benefits principle

3.Timely information for effective decision making – Relevance Principle

4.adapts to evolving regulations and consumer preferences- Flexibility principle

5.Monitor activities – Control Principle

Add a comment
Know the answer?
Add Answer to:
Compatibility principle Control principle Cost Benefits principle Flexibility principle Relevance principle Match each description with the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Question 1 (0.2 points) The control principle for accounting information systems requires that the: Benefits from...

    Question 1 (0.2 points) The control principle for accounting information systems requires that the: Benefits from an activity outweigh the costs of the activity. System report useful, understandable, timely, and pertinent information for effective decision making, System must have methods and procedures allowing managers to control and monitor business activities. System is able to adjust to changes in the company, business environment, and needs of decision makers. System conforms to a company's activities, personnel, and structure.

  • Match the definitions to the terms. Periodic Inventory System Net Realizable Value Compatibility Principle Weighted Average...

    Match the definitions to the terms. Periodic Inventory System Net Realizable Value Compatibility Principle Weighted Average Cost Benefit Principle 6 Gross Margin First-in, First-out Perpetual Inventory System Last-in, Last-out 10 Flexibility Principle 11 Control Principle FOB Match each of the options above to the items below. Free on board (point of transfer) Net sales minus cost of goods sold. Updates accounting records for each purchase and each sale of inventory Assumes that inventory items are sold in the order acquired....

  • Match the schnitions to the terms Weighted Average Compatibility Principle Costane Principi First-n, Frst-out Net Realizable...

    Match the schnitions to the terms Weighted Average Compatibility Principle Costane Principi First-n, Frst-out Net Realizable Control Principle Flexibility Principle Gross Margin Last in Last-out Perpetual Syslem entory Periodic inventory System Match con bons above to the hom bew. Free on board point of transfer) Not sales minus cast of goods sold Updates accounting records for each purchase and each sale of Inventory Assumes that inventory items are sold in the order acquired. Assumes the the most recent purchases are...

  • Match each of the numbered descriptions with the principle or assumption it best reflects. Principle/Assumption Description...

    Match each of the numbered descriptions with the principle or assumption it best reflects. Principle/Assumption Description 1. A company reports details behind financial statements that would impact users' decisions 2. Financial statements reflect the assumption that the business continues operating 3. A company records the expenses incurred to generate the revenues reported 4. Concepts, assumptions, and guidelines for preparing financial statements. 5. Each business is accounted for separately from its owner or owners. 6. Revenue is recorded when products and...

  • Possible Answers: Match each term or phrase to its description below. Liquidity Whether an item is...

    Possible Answers: Match each term or phrase to its description below. Liquidity Whether an item is large enough to likely influence the decision of an investor or creditor. Constraint that weighs the cost that companies will incur to provide the information against the benefit that financial statement users will gain from having the information available. Obligations that a company expects to pay within the next year or operating cycle, whichever is longer. Information that is complete, neutral, and free from...

  • Match each term to its correct description. Accounting Anomalies Internal control weaknesses Analytical anomalies Lifestyle symptoms...

    Match each term to its correct description. Accounting Anomalies Internal control weaknesses Analytical anomalies Lifestyle symptoms Behavioral symptoms Analytical procedures Psychopaths Elements of fraud A. The relationships in financial or nonfinancial data that do not make sense, such as unreasonable change in volume, mix, or price. B. Unusual changes in behavior that are caused by stress that accompany fraud perpetrators; one of the six categories of red flags used in detecting fraud. C. Inaccuracies or unusual entries or balances in...

  • A paragraph why would you choose this position. Posting Date Feb 06, 2020 Job Number 19147567...

    A paragraph why would you choose this position. Posting Date Feb 06, 2020 Job Number 19147567 Job Category Finance and Accounting Location Colombo SH, No. 265 Galle Road, Colombo, Western Province, Sri Lanka Brand Sheraton Hotels & Resorts Schedule Full-time Relocation? No Position Type Management Start Your Journey with Us Marriott International portfolio of brands includes both JW Marriott and Marriott Hotels. Marriott Hotels, Marriott International’s flagship brand with more than 500 global locations, is advancing the art of hosting...

  • Classical Roman civil law was based on _____. Group of answer choices Procedural requirements Analysis of...

    Classical Roman civil law was based on _____. Group of answer choices Procedural requirements Analysis of the local tribunes A stock of concepts of legal significance Preferences of the individual judge Question 21 pts Informed consent specifically refers to a patient’s right of _____. Group of answer choices Free investigation Self-recognition Information gathering Self-determination Question 31 pts Escola v. Coca Cola Bottling Co. focused on _____. Group of answer choices Medical malpractice Battery Products liability Judicial malfeasance Question 41 pts...

  • CASE 17: WATSON’S AMBULATORY EHR TRANSITION Major theme: System acquisition Primary care physicians play a key...

    CASE 17: WATSON’S AMBULATORY EHR TRANSITION Major theme: System acquisition Primary care physicians play a key role in the U.S. health care delivery system. These providers integrate internal and external information with their clinical knowledge to determine the patient’s treatment options. An effective ambulatory electronic health record (EHR) is critical to supply physicians with the information they need to provide quality care and maximize their efficiency. This case involves the decision-making process to replace an inadequate EHR system in a...

  • Please help writing a well structured document using the below Agile Runbook - Our Overall Delivery Process How do we initiate a Project? Any project is a response to a pain point or desire expresse...

    Please help writing a well structured document using the below Agile Runbook - Our Overall Delivery Process How do we initiate a Project? Any project is a response to a pain point or desire expressed by either customers, internal stakeholders, employees, or regulatory authorities. In short, a project is a time bound and specific goal oriented task-system that is born out of an ask from any stakeholder. Project initiation is laying down a new project by defining its goals, objectives,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT