Both accounting information systems and intermediate accounting can incorporate the conceptual framework of accounting as a topic. Which part of the conceptual framework most closely corresponds with the "outputs" of an accounting information system?

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The elements of financial statements (such as assets, liabilities, equity, revenues, and expenses) are the outputs of an accounting information system. These outputs are then used to prepare financial statements and provide information to decision-makers. The conceptual framework defines and explains these elements, including their definitions, recognition criteria, measurement, and disclosure requirements. Therefore, understanding the conceptual framework is essential for developing and using an effective accounting information system.

Both Accounting Information Systems and Intermediate Accounting Can Incorporate the Conceptual