The flexibility principle prescribes that an accounting information system be able to adapt to changes in the company, business environment, and needs of decision makers.

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The flexibility principle is a key characteristic of a good accounting information system, as it allows the system to adjust and accommodate changes in the organization, industry trends, and user preferences. It enables decision-makers to customize the data and reports they receive from the system, tailoring the information to their specific needs and requirements. Therefore, the statement is true.

The Flexibility Principle Prescribes That an Accounting Information System Be