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Benji Borke has prepared the following list of statements about accounting information systems. Identify each statement as true or false. 1.   The accounting information system includes each of the steps of the accounting cycle, the documents that provide evidence of transactions that have occurred, and the accounting records.   select an option                                                           TrueFalse 2.   The benefits obtained from information provided by the accounting information system need not outweigh the cost of providing that information.   select an option                                                           TrueFalse 3.   Designers of accounting systems must consider the needs and knowledge of various users.   select an option                                                           TrueFalse 4.   If an accounting information system is cost-effective and provides useful output, it does not need to be flexible.

Benji Borke has prepared the following list of statements about accounting information systems. Identify each statement as true or false. 1.   The accounting information system includes each of the steps of the accounting cycle, the documents that provide evidence of transactions that have occurred, and the accounting records.   select an option                                                           TrueFalse 2.   The benefits obtained from information provided by the accounting information system need not outweigh the cost of providing that information.   select an option                                                           TrueFalse 3.   Designers of accounting systems must consider the needs and knowledge of various users.   select an option                                                           TrueFalse 4.   If an accounting information system is cost-effective and provides useful output, it does not need to be flexible.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.1E
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Benji Borke has prepared the following list of statements about accounting information systems.

Identify each statement as true or false.

1.
 
The accounting information system includes each of the steps of the accounting cycle, the documents that provide evidence of transactions that have occurred, and the accounting records.
   select an option                                                           TrueFalse
2.
  
The benefits obtained from information provided by the accounting information system need not outweigh the cost of providing that information.
   select an option                                                           TrueFalse
3.
  
Designers of accounting systems must consider the needs and knowledge of various users.
   select an option                                                           TrueFalse
4.
  
If an accounting information system is cost-effective and provides useful output, it does not need to be flexible.
   select an option                                                           TrueFalse

 

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