A well-designed accounting system must be able to accommodate change.

Question

Quizplus · Accepted Answer

A well-designed accounting system must be flexible enough to adapt to changes in the business environment, such as changes in regulations, technological advancements, and shifts in market demand. It should also be able to accommodate changes in the size or structure of the organization, as well as changes in the types of transactions or activities being performed. Failure to accommodate change could result in inefficiencies, inaccuracies, or even fraud in the accounting process.

A Well-Designed Accounting System Must Be Able to Accommodate Change