Which of the following best describes the relationship between accounting information systems and accounting standards? (a) Accounting
Question:
Which of the following best describes the relationship between accounting information
systems and accounting standards?
(a) Accounting information systems must comply with all accounting standards.
(b) Accounting standards dictate the way an accounting information system must store and handle financial data.
(c) Accounting information systems that recognise and comply with accounting standards are advantageous for tax purposes.
(d) There is no direct relationship between accounting standards and accounting information systems.
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Related Book For
Financial Accounting Reporting, Analysis And Decision Making
ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
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