Current Attempt in Progress Match each of the principles and phases in the development of an accounting system with the statement that best describes them 1 2. 3. Information must be understandable, relevant, reliable, timely, and accurate. Benefits of information must outweigh the cost of providing it. The system should accommodate a variety of users and changing information needs. The accounting system must consider the needs and knowledge of various users. The system should be capable of meeting the changes in the demands made upon it. 4. 5. Save for Later Attem Flexibility Useful output Cost effectiveness it