If the accounting system is cost-effective, provides useful output and has the flexibility to meet future needs, it can contribute to both individual and organisational goals.

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A cost-effective accounting system that delivers useful output and is flexible enough to adapt to future needs can streamline financial processes, provide valuable insights for decision-making, and support the achievement of both individual and organizational objectives by ensuring efficient resource allocation and financial planning.

If the Accounting System Is Cost-Effective, Provides Useful Output and Has