The principle of an efficient accounting system that

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Financial Accounting
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Chapter 5 / Exercise CP5-5
Financial Accounting
Warren/Reeve/Duchac
Expert Verified
32. The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is a. cost effectiveness. b. flexibility. c. useful output. d. implementation. 7 - 7
33. Which of the following is not a basic principle of designing and developing an effective accounting information system?
34. A company will usually replace a manual accounting information system with an electronic system as the operations increase in
35. In developing an accounting system, cost effectiveness does not imply that
36. To be useful, the information outputs of a system should be a. relevant, reliable, timely, and accurate. b. reliable, flexible, understandable and timeless. c. such that one report meets all different users needs. d. distributed only to management personnel.
37. The accounting environment does not change as a result of
38. The principles of developing an accounting information system do not include
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Financial Accounting
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Chapter 5 / Exercise CP5-5
Financial Accounting
Warren/Reeve/Duchac
Expert Verified
Test Bank for Accounting Principles, Eighth Edition 39. A student should recognize a need to study manual accounting systems because
40. Which of the following is a true statement about manual and electronic accounting systems? a. Few small companies begin with manual systems. b. The design and structure of manual and electronic systems are essentially the same. c. Many companies convert from electronic to manual systems. d. The design and structure of manual and electronic systems are fundamentally different.

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