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System principle / information to source

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QS 7-1
Accounting information system principles

Place the letter of each system principle in the blank next to its best description.

A. Control principle
B. Relevance principle
C. Compatibility principle
D. Flexibility principle
E. Cost-benefit principle

1. The principle prescribes the accounting information system to change in response to technological advances and competitive pressures.
2. The principle prescribes the accounting information system to help monitor activities.
3. The principle prescribes the accounting information system to provide timely information for effective decision making.
4. The principle prescribes the accounting information system to adapt to the unique characteristics of the company.
5. The principle that affects all other accounting information system principles.

Accounting information system components

Identify the most likely role in an accounting system played by each of the numbered items 1 through 12 by assigning a letter from the list A through E on the left:

A. Source documents
B. Input devices
C. Information processors
D. Information storage
E. Output devices

1. Bar code reader
2. Filing cabinet
3. Bank statement
4. Computer scanner
5. Computer keyboard
6. Zip drive
7. Computer monitor
8. Invoice from a supplier
9. Computer software
10. Computer printer
11. Digital camera
12. MP3 player

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Solution Summary

The solution explains the matching of system principle to the statements and types of information to source

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Place the letter of each system principle in the blank next to its best description.
A. Control principle
B. Relevance principle
C. Compatibility principle
D. Flexibility principle
E. Cost-benefit principle

1. The principle prescribes the accounting information system to change in response to technological advances and competitive pressures. D (This would imply flexibility)
2. The ...

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