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Principles of Accounting information systems

Efficient and effective accounting information systems are based on certain basic principles. These principles are:
i) Cost effectiveness
ii) Usefulness and
iii) Flexibility
The principles of accounting information systems are explained below:
i) Cost effectiveness: The accounting system must be cost effective. Benefits of information must outweigh the cost of providing it.
ii) Usefulness: To be useful, information must be understandable, relevant, reliable, timely, and accurate. Designers of accounting systems must consider the needs and knowledge of various users.
iii) Flexibility: The accounting system should accommodate a variety of users and changing information needs. The system should be sufficiently flevible to meet the resulting changes in the demands made it.