Question 1

Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.

Accepted Answer

Decision makers need to look at far more

Question 2

A semantic data model captures the operational meaning of the user's data and provides a concise description of it.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is true?

Accepted Answer

A) REA diagram entities are arranged in constellations by entity class. 
B) ER diagrams present a static picture of the underlying business phenomena. 
C) Events entity names in REA diagrams are in the verb form. 
D) All of the above are true statements. 
A) REA diagram entities are arranged in constellations by entity class. 
B) ER diagrams present a static picture of the underlying business phenomena. 
C) Events entity names in REA diagrams are in the verb form. 
D) All of the above are true statements.

Question 4

List and explain the steps involved in preparing an REA model of a business process.

Accepted Answer

The preparation of an REA model of a bus

Question 5

Which of the following associations requires a separate link table?

Accepted Answer

A) 1:1 
B) 1:M 
C) M:M 
D) none of the above 
A) 1:1 
B) 1:M 
C) M:M 
D) none of the above

Question 6

Describe the two economic events that occur for payroll procedures.

Accepted Answer

The Get Time event captures the daily ti

Question 7

All of the following are examples of economic events except

Accepted Answer

A) receiving raw materials from a supplier 
B) checking a customer's credit prior to processing a sales order 
C) disbursing cash for inventories received 
D) shipping product to a customer 
A) receiving raw materials from a supplier 
B) checking a customer's credit prior to processing a sales order 
C) disbursing cash for inventories received 
D) shipping product to a customer

Question 8

In REA,resources are assets that include accounts receivable.

Accepted Answer

A) True 
 B)False

Question 9

The REA approach generates an information system based on a single holistic user view.

Accepted Answer

A) True 
 B)False

Question 10

Define association.

Accepted Answer

Association is the nature of t

Question 11

Explain how Take Order can be either an economic or a support event.

Accepted Answer

Taking an order typically involves only

Question 12

Which of the following associations would most likely describe the relationship between an internal agent and an economic event?

Accepted Answer

A) 1:M 
B) 1:1 
C) 0:M 
D) none of the above 
A) 1:M 
B) 1:1 
C) 0:M 
D) none of the above

Question 13

Modern managers need both financial and nonfinancial information that traditional GAAP-based accounting systems are incapable of providing.

Accepted Answer

A) True 
 B)False

Question 14

Discuss why adherence by the accounting profession to a single,GAAP-based view is inappropriate.

Accepted Answer

Modern managers need both financial and

Question 15

Describe the rule for assigning foreign keys in a (1:1)association

Accepted Answer

Typically one of the tables in a 1:1 ass

Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.

A semantic data model captures the operational meaning of the user's data and provides a concise description of it.

Which of the following is true?

List and explain the steps involved in preparing an REA model of a business process.

Which of the following associations requires a separate link table?

Describe the two economic events that occur for payroll procedures.

All of the following are examples of economic events except

In REA,resources are assets that include accounts receivable.

The REA approach generates an information system based on a single holistic user view.

Define association.

Explain how Take Order can be either an economic or a support event.

Which of the following associations would most likely describe the relationship between an internal agent and an economic event?

Modern managers need both financial and nonfinancial information that traditional GAAP-based accounting systems are incapable of providing.

Discuss why adherence by the accounting profession to a single,GAAP-based view is inappropriate.

Describe the rule for assigning foreign keys in a (1:1)association

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

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Exam 10: The Rea Approach to Business Process Modeling

Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.

A semantic data model captures the operational meaning of the user's data and provides a concise description of it.

Which of the following is true?

List and explain the steps involved in preparing an REA model of a business process.

Which of the following associations requires a separate link table?

Describe the two economic events that occur for payroll procedures.

All of the following are examples of economic events except

In REA,resources are assets that include accounts receivable.

The REA approach generates an information system based on a single holistic user view.

Define association.

Explain how Take Order can be either an economic or a support event.

Which of the following associations would most likely describe the relationship between an internal agent and an economic event?

Modern managers need both financial and nonfinancial information that traditional GAAP-based accounting systems are incapable of providing.

Discuss why adherence by the accounting profession to a single,GAAP-based view is inappropriate.

Describe the rule for assigning foreign keys in a (1:1)association

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters