Asked by
SHAKIRA T RIVERA-MONTALVO
on Nov 14, 2024
Verified
An accounting information system should be cost effective; that is the benefits of the information must outweigh the cost of providing it.
Accounting Information System
An Accounting Information System is a structured framework used to collect, store, manage, process, retrieve, and report financial data.
Cost Effective
This term refers to an approach or solution that provides the best possible outcome or value for the money spent, often used in evaluating projects or investments.
- Acknowledge the principles of cost effectiveness and its importance in the design and operation of accounting information systems.
Verified Answer
MM
Learning Objectives
- Acknowledge the principles of cost effectiveness and its importance in the design and operation of accounting information systems.
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