Both Accounting Information Systems and Intermediate Accounting Can Incorporate the Conceptual

question 61

Multiple Choice

Both accounting information systems and intermediate accounting can incorporate the conceptual framework of accounting as a topic. Which part of the conceptual framework most closely corresponds with the "outputs" of an accounting information system?

• A) Assumptions.
• B) Principles.
• C) Constraints.
• D) Elements of financial statements.

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Definitions:

Technical Skills

refer to the abilities and knowledge needed to perform specific tasks, often involving mechanical, informational, or scientific tasks.

Organisation

An entity comprising multiple people, such as a corporation or government, structured to achieve a collective goal or set of objectives.

Manager

An individual responsible for controlling or administering an organization or group of staff, making decisions on planning, organizing, leading, and controlling.

Management Functions

The basic roles that managers perform in an organization, traditionally classified as planning, organizing, leading, and controlling.