1. The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is

• cost effectiveness

• flexibility

• useful output

• implementation

Answer explanation

Nguyên tắc của một hệ thống kế toán hiệu quả nói rằng một hệ thống kế toán phải đáp ứng được nhiều người sử dụng là

33. Which of the following is not a basic principle of designing and developing an effective accounting information system

• Approval by the SEC

• Usefulness

• Flexibility

• Cost effectiveness

34. In developing an accounting system, cost-effectiveness does not imply that

• the benefits obtained from the system outweigh the cost

• an electronic system must be cheaper than the system it is replacing

• the system should be cost effective

• the value of an accounting report should be at least equal to the cost of producing it

36. To be useful, the information outputs of a system should be

• relevant, reliable, timely and accurate

• reliable, flexible, understandable and timeless

• such that one report meets all different users needs

• distributed only to management personnel

37. The accounting environment does not change as a result of

• technological advances

• government regulation

• the double entry systems

• organizational growth

38. The principle of developing an accounting information system do not include

• usefulness

• flexibility

• cost effectiveness

• elimination of human involvement

39. A student should organize a need to manual accounting systems because

• the structure of electronic systems differs greatly from manual systems

• all small companies only use manual accounting systems

• the software and hardware of electronic systems vary greatly, which makes manual procedures more practical to study

• company that use manual systems hire more accountants

40. Which of the following is a true statement about manual and electronic accounting systems

• Few small companies begin with manual systems

• The design and structure of manual and electronic systems are essentially the same

• Many companies convert from electronic to manual systems

• The design and structure of manual and electronic systems are fundamentally different

41. Posting to the control accounts in the general ledger are made

• annually

• daily

• monthly

• weekly

42. The balance of a control account in the general ledger

• must always be zero

• must equal the amount of total assets

• is always greater than the composite balance of individual accounts in a related subsidiary ledger

• must equal the composite balance of individual accounts in a related subsidiary ledger