Question 1

What is the REA model? What does it mean for accountants?

Accepted Answer

The REA model is an alternative accounti

Question 2

Which of the following statement is correct?

Accepted Answer

A)  The REA model requires that phenomena be characterized in a manner consistent with the development of a single user view. 
B)  The REA model requires that phenomena be characterized in a manner consistent with the development of a selected user view. 
C)  The REA model requires that phenomena be characterized in a manner consistent with the development of a unique user view. 
D)  The REA model requires that phenomena be characterized in a manner consistent with the development of a multiple user view. 
A)  The REA model requires that phenomena be characterized in a manner consistent with the development of a single user view. 
B)  The REA model requires that phenomena be characterized in a manner consistent with the development of a selected user view. 
C)  The REA model requires that phenomena be characterized in a manner consistent with the development of a unique user view. 
D)  The REA model requires that phenomena be characterized in a manner consistent with the development of a multiple user view.

Question 3

Four basic forms of cardinality are possible: zero or one (0,1),one and only one (1,1),one or many (1,M),and many and only many (M,M).

Accepted Answer

A) True 
 B)False

Question 4

Define association.

Accepted Answer

Association is the nature of t

Question 5

What do the letters 'R,' 'E,' and 'A' stand for in the term "REA model"?

Accepted Answer

resources,

Question 6

The 'A' in REA stands for

Accepted Answer

A)  assets 
B)  apportionment 
C)  allocation 
D)  agents 
A)  assets 
B)  apportionment 
C)  allocation 
D)  agents

Question 7

What are the minimum number and type of event entities that an REA diagram must include?

Accepted Answer

An REA model must,as a minimum,include t

Question 8

Which statement is NOT true? REA resources are:

Accepted Answer

A)  assets 
B)  affected by support events 
C)  scarce 
D)  under the control of agents 
A)  assets 
B)  affected by support events 
C)  scarce 
D)  under the control of agents

Question 9

Define duality.

Accepted Answer

Each economic event in an exch

Question 10

When developing an REA model:

Accepted Answer

A)  Accounting artifacts are represented as support events 
B)  The same resource is both increased and decreased by the duality association 
C)  Link tables are explicitly depicted 
D)  events are organized in sequence of occurrence 
A)  Accounting artifacts are represented as support events 
B)  The same resource is both increased and decreased by the duality association 
C)  Link tables are explicitly depicted 
D)  events are organized in sequence of occurrence

Question 11

Explain how a Disbursement Voucher table can be used to replace traditional accounting records.

Accepted Answer

The Disbursement Voucher table provides

Question 12

In a REA diagram each economic event is always

Accepted Answer

A)  linked to at least two resource entities 
B)  linked to two external agents 
C)  linked to another economic event 
D)  linked to two internal agents 
A)  linked to at least two resource entities 
B)  linked to two external agents 
C)  linked to another economic event 
D)  linked to two internal agents

Question 13

Discuss the concept of duality as it relates modeling an economic transaction.

Accepted Answer

The rationale behind an economic transac

Question 14

How are tables in a (M:M)association physically linked?

Accepted Answer

Tables in an M:M association c

Question 15

Why would a company adopt the REA approach to database design?

Accepted Answer

The REA approach leads to the developmen

Question 16

Which of the following is NOT an example of an economic event?

Accepted Answer

A)  Ship goods 
B)  Receive goods 
C)  Get employee time 
D)  Prepare cash disbursements voucher 
A)  Ship goods 
B)  Receive goods 
C)  Get employee time 
D)  Prepare cash disbursements voucher

Question 17

Define view integration?

Accepted Answer

It is the process of combining

Question 18

What are the four basic forms of cardinality?

Accepted Answer

The four basic forms of cardin

Question 19

Support events include control,planning,and management activities that directly affect a change in resources.

Accepted Answer

A) True 
 B)False

Question 20

Define resources,economic events,and agents.

Accepted Answer

Resources are those things of economic v

What is the REA model? What does it mean for accountants?

Which of the following statement is correct?

Four basic forms of cardinality are possible: zero or one (0,1),one and only one (1,1),one or many (1,M),and many and only many (M,M).

Define association.

What do the letters 'R,' 'E,' and 'A' stand for in the term "REA model"?

The 'A' in REA stands for

What are the minimum number and type of event entities that an REA diagram must include?

Which statement is NOT true? REA resources are:

Define duality.

When developing an REA model:

Explain how a Disbursement Voucher table can be used to replace traditional accounting records.

In a REA diagram each economic event is always

Discuss the concept of duality as it relates modeling an economic transaction.

How are tables in a (M:M)association physically linked?

Why would a company adopt the REA approach to database design?

Which of the following is NOT an example of an economic event?

Define view integration?

What are the four basic forms of cardinality?

Support events include control,planning,and management activities that directly affect a change in resources.

Define resources,economic events,and agents.

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

Exam 10: The Rea Approach to Business Process Modeling

What is the REA model? What does it mean for accountants?

Which of the following statement is correct?

Four basic forms of cardinality are possible: zero or one (0,1),one and only one (1,1),one or many (1,M),and many and only many (M,M).

Define association.

What do the letters 'R,' 'E,' and 'A' stand for in the term "REA model"?

The 'A' in REA stands for

What are the minimum number and type of event entities that an REA diagram must include?

Which statement is NOT true? REA resources are:

Define duality.

When developing an REA model:

Explain how a Disbursement Voucher table can be used to replace traditional accounting records.

In a REA diagram each economic event is always

Discuss the concept of duality as it relates modeling an economic transaction.

How are tables in a (M:M)association physically linked?

Why would a company adopt the REA approach to database design?

Which of the following is NOT an example of an economic event?

Define view integration?

What are the four basic forms of cardinality?

Support events include control,planning,and management activities that directly affect a change in resources.

Define resources,economic events,and agents.

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