ACCOUNTING-You are the CEO of a newly incorporated retail firm

You are the CEO of a newly incorporated retail firm that will sell DKNY® and Tommy Hilfiger® along with other designer clothing. Your job is to set up an accounting information system to maintain appropriate records needed in the eventual preparation of financial statements. Certain principles should be followed in the development of an accounting information system. Identify and explain each of the three principles and how each one would relate to your designer clothing company.

I need this in 100 to 125 words