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.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.