Question 1

REA resources are those things of economic value under the control of the enterprise including physical assets and employees.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following are characteristics of internal agents?

Accepted Answer

A)  They participate in economic events,but do not assume control of the resources 
B)  They are employees of the company whose system is being modeled 
C)  They participate in economic events,but not in support events 
D)  All of the above 
A)  They participate in economic events,but do not assume control of the resources 
B)  They are employees of the company whose system is being modeled 
C)  They participate in economic events,but not in support events 
D)  All of the above

Question 3

REA modeling embraces two classes of events: economic events and support events.

Accepted Answer

A) True 
 B)False

Question 4

In REA,resources are assets that include accounts receivable.

Accepted Answer

A) True 
 B)False

Question 5

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

Accepted Answer

A) True 
 B)False

Question 6

The REA model is an alternative accounting framework for modeling an organization's critical resources,events,and accounts.

Accepted Answer

A) True 
 B)False

Question 7

Explain how events,resources and agents are linked in a REA diagram.

Accepted Answer

Each event must be linked to at least on

Question 8

A difference between ER and REA diagrams is that ER diagrams present a static picture of the underlying business phenomena.

Accepted Answer

A) True 
 B)False

Question 9

Define the value chain

Accepted Answer

These are the activi

Question 10

What are support events?

Accepted Answer

Support events include control

Question 11

When modeling M:M associations,it is conventional to include link tables in the REA diagram so that the model reflects closely the actual database.

Accepted Answer

A) True 
 B)False

Question 12

Explain the rule for assigning foreign keys in a (1:M)association?

Accepted Answer

The primary key of t

Question 13

Define cardinality.

Accepted Answer

Cardinality describes the numb

Question 14

What is a user view?

Accepted Answer

A user view is the set of data that a pa

Question 15

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 16

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

Accepted Answer

A) True 
 B)False

Question 17

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 18

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 19

ER diagrams always label entity names in the singular noun form.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

Typically one of the tables in a 1:1 ass

REA resources are those things of economic value under the control of the enterprise including physical assets and employees.

Which of the following are characteristics of internal agents?

REA modeling embraces two classes of events: economic events and support events.

In REA,resources are assets that include accounts receivable.

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

The REA model is an alternative accounting framework for modeling an organization's critical resources,events,and accounts.

Explain how events,resources and agents are linked in a REA diagram.

A difference between ER and REA diagrams is that ER diagrams present a static picture of the underlying business phenomena.

Define the value chain

What are support events?

When modeling M:M associations,it is conventional to include link tables in the REA diagram so that the model reflects closely the actual database.

Explain the rule for assigning foreign keys in a (1:M)association?

Define cardinality.

What is a user view?

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

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

All of the following are examples of economic events except

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

ER diagrams always label entity names in the singular noun form.

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

General Ledger,financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

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Exam 10: The Rea Approach to Business Process Modeling

REA resources are those things of economic value under the control of the enterprise including physical assets and employees.

Which of the following are characteristics of internal agents?

REA modeling embraces two classes of events: economic events and support events.

In REA,resources are assets that include accounts receivable.

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

The REA model is an alternative accounting framework for modeling an organization's critical resources,events,and accounts.

Explain how events,resources and agents are linked in a REA diagram.

A difference between ER and REA diagrams is that ER diagrams present a static picture of the underlying business phenomena.

Define the value chain

What are support events?

When modeling M:M associations,it is conventional to include link tables in the REA diagram so that the model reflects closely the actual database.

Explain the rule for assigning foreign keys in a (1:M)association?

Define cardinality.

What is a user view?

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

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

All of the following are examples of economic events except

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

ER diagrams always label entity names in the singular noun form.

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

General Ledger,financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters