Control Principle:
The Control principle requires the
Relevance Principle:
The Relevance principle states that accounting information should be presented in a simple and understandable way on period basis which could be used for decision making purpose by the users. Basically, the accounting information should be useful and relevant for the user to make financial decision.
Compatibility Principle:
Compatibility principle states that the accounting information system must be compatible with the business structure and operations or activities.
Flexibility Principle:
The accounting information system must be flexible in nature which could change according to the changes in
Cost-Benefit Principle:
The cost benefit principle simple states that the benefit from providing financial information should be more than the cost to the users. It has relative influence on the other principle of accounting information system.
To determine:
Match the principles of accounting information system with descriptions provided.

Want to see the full answer?
Check out a sample textbook solution
Chapter 7 Solutions
FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
- Can you please answer the financial accounting question?arrow_forwardidentify the key factors that contributed to the collapse of Northern Rock bank. Compile documents and analysis of regulations (magazine articles, newspapers, online sources, working papers from different organizations, activity summaries, results reports, legal regulations, speeches, public statements, press conferences, etc.). Apply, in a practical and theoretical way, what has been learned in class about the financial world, regulation and risk management.arrow_forwardGet accurate answer this general accounting questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





