Accounting information systems is an important area of study for future accountants because a well-designed AIS can respond to many elements of the FASB Conceptual Framework.All of the following are parts of the conceptual framework except:

Question

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The principles of debit and credit are not part of the FASB Conceptual Framework. The other options - objective of financial reporting, elements of financial statements, and qualitative characteristics of accounting information - are all part of the framework.

Accounting Information Systems Is an Important Area of Study for Future