Asked by Alison Vidas on Jun 07, 2024
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The basic principles of an accounting information system are cost awareness usefulness and fixed structure.
Accounting Information System
A system of collecting, storing, and processing financial and accounting data that is used by decision-makers.
Cost Awareness
The consideration and understanding of the costs associated with conducting business and the impact on financial performance.
Fixed Structure
A term related to permanent assets and expenses that do not change in relation to business activity levels.
- Recognize the fundamentals of cost efficiency and their significance in the development and management of accounting information systems.
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Learning Objectives
- Recognize the fundamentals of cost efficiency and their significance in the development and management of accounting information systems.
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