Question

The ____________________ prescribes that an accounting information system have internal controls, meaning, it employs methods and procedures that allow managers to control and monitor business activities. 5 points Control Principle Relevance Principle Compatibility Principle Flexibility Principle Cost-Benefit Principle

Answer 1

Answer:

Compatibility principle

Explanation:

The compatibility principle prescribes that an accounting information system has internal controls, meaning, it employs methods and procedures that allow managers to control and monitor. The compatibility principle is a concept of an information system that suggests the accounting system of any type of organization should adapt to its employees or managers, operations and business structure.  

For example, if goods are sold so fast but the orders may not be processed fast enough, here we will apply compatibility principle and we will add new technology to the system to solve this issue.

Answer 2

Answer:

The correct answer is A that is control principle

Explanation:

The accounting information system (AIS) is the system which is defined as the one that collects as well as process the data from the events and transactions in order to organize them in making a useful reports and then finally communicate the results to the decision makers.

The control principle is the principle which states the concept of AIS need to have the process as well as procedures to help the managers regulate as well as monitor the business activities.

The principle which states the AIS which have the internal control means that employs the methods as well as procedures which allow the manager to monitor the business activities is the control principle.