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Which of the following is not a basic principle of designing and developing an effective accounting information system?
A) Approval by the SEC
B) Usefulness
C) Flexibility
D) Cost effectiveness
SEC Approval
The official authorization from the Securities and Exchange Commission for various financial activities and filings, ensuring compliance with regulations.
Effective Accounting Information System
A system that accurately collects, records, stores, and processes financial data to produce information useful for decision-making.
Basic Principle
A foundational rule or concept that guides actions, decisions, or laws in a specific field or general context.
- Recognize the fundamental concepts behind creating a functional accounting information system.
- Understand the fundamental concepts in the creation and evolution of an accounting information system, emphasizing cost efficiency and adaptability.
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Learning Objectives
- Recognize the fundamental concepts behind creating a functional accounting information system.
- Understand the fundamental concepts in the creation and evolution of an accounting information system, emphasizing cost efficiency and adaptability.
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