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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Benji Borke has prepared the following list of statements about
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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