Exam 10: The REA Approach to Business Process Modeling

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Many believe that the accounting profession should shift away from financial statement reporting toward providing information that assists decision-making.

(True/False)

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Question 21

What are the four basic forms of cardinality?

(Essay)

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Question 22

An example of an economic event is checking customer credit prior to processing a sale.

(True/False)

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Question 23

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

(Essay)

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Question 24

Explain how a sales invoice table can be used to replace traditional accounting records.

(Essay)

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Question 25

The concept of duality means that a REA diagram must consist of:

(Multiple Choice)

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Question 26

Define view integration?

(Essay)

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Question 27

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

(Essay)

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Question 28

Which of the following tables would most likely have a composite key?

(Multiple Choice)

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Question 29

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

(True/False)

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Question 30

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

(Essay)

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Question 31

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

(Essay)

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Question 32

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

(Essay)

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Question 33

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

(Essay)

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Question 34

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

(Short Answer)

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Question 35

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

(True/False)

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Question 36

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

(Multiple Choice)

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Question 37

Which of the following is true?

(Multiple Choice)

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Question 38

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

(Essay)

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Question 39

How does the REA approach improve efficiency?

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Question 40

Showing 21 - 40 of 76

Many believe that the accounting profession should shift away from financial statement reporting toward providing information that assists decision-making.

What are the four basic forms of cardinality?

An example of an economic event is checking customer credit prior to processing a sale.

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

Explain how a sales invoice table can be used to replace traditional accounting records.

The concept of duality means that a REA diagram must consist of:

Define view integration?

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

Which of the following tables would most likely have a composite key?

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

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

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

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

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

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

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

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

Which of the following is true?

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

How does the REA approach improve efficiency?

The Information System: An Accountant’s 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 : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

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