Matching Questions 109. Identify the accounting information system principle below that applies to each of these situations 1. Flexibility Global Company has designed their accounting...

1. Flexibility

Global Company has designed their accounting information system so that key managers can obtain the information they need to make decisions relating to new products, sales and controlling costs

2. Compatibility

Global Company's accounting information system has policies to ensure that financial statements will be reliable, assets are protected and relevant laws and regulations are complied with

3. Relevance

Global Company's accounting information system can be improved markedly for a cost of about $30,000,000. However, the incremental benefits from such improvements are not expected to outweigh this cost

4. Control

Global Company has world-wide operations that must handle several thousand different products, so the accounting information system is fairly complex, encompassing marketing and manufacturing

5. Cost-benefit

Global Company has designed their accounting information system to be adaptable to changes in technology, the business environment, the needs of decision makers

1. Information storage

Computer hard drive

2. Output devices

Computer monitor

3. Output devices

Employee paychecks

4. Input devices

Electronic files

5. Output devices

Computer keyboard

6. Information processor

Journal entries

7. Source document

Software

8. Source document

Financial statements

9. Input devices

Journals

10. Information processor

Invoice from suppliers