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Sagot :
Relevance characteristic of an effective accounting information system refers to providing information to improve decision making and reduces uncertainty.
The relevance of accounting depends on what the accountant use it for. Cost projections for opening a new store are relevant if business is growing and expanding.
If sales have been sluggish and the best we can do is sit tight without expansion, the projections are no longer relevant. If you decide you need to run more leaner, although, information about the cost of goods sold might be relevant.
The relevance of accounting is not just about what you need to know. It is also applied to other stakeholders.
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