Which of the following accounting principles prescribes that an accounting information system report useful, understandable, and timely information for decision-making?
A. Relevance principle.
B. Flexibility principle.
C. Control principle.
D. Cost-Benefit principle.
E. Compatibility principle.
Answer: A
You might also like to view...
When the salesperson discusses a product's ________, he is answering the question, "What is it?"
A. benefits B. features C. advantages D. achievements E. service records
The lower-of-cost-or-market basis for inventory valuation is a conservative accounting policy because
a. it recognizes losses from decreases in market value before the firm sells goods. b. it does not record gains from increases in market value before a sale takes place. c. it reports inventories on the balance sheet at amounts that are never greater, but may be less than acquisition cost. d. all of the above e. none of the above
Tara, a student who is researching forensic accounting, is preparing to interview an experienced accountant. To conduct an effective interview, Tara should ________
A) learn as much as possible about the field before the interview B) try to do most of the talking during the interview to put the interviewee at ease C) ask as many yes-or-no questions as possible to make things easier for the interviewee D) engage the accountant in a debate to display her knowledge
What is meant by information security in HRIS?
What will be an ideal response?