Question 1

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 D

Question 2

Which of the following events would be least likely to be modeled in a REA diagram?

Accepted Answer

A)  customer inquires 
B)  posting accounts payable 
C)  receiving cash 
D)  sales to a customer 
A)  customer inquires 
B)  posting accounts payable 
C)  receiving cash 
D)  sales to a customer B

Question 3

Which types of entities are included in REA diagrams?

Accepted Answer

A)  support events 
B)  economic events 
C)  internal agents 
D)  all of the above 
A)  support events 
B)  economic events 
C)  internal agents 
D)  all of the above D

Question 4

The events depicted on an REA diagram are transformed into computer processes while the resources and agents become relational database tables.

Accepted Answer

A) True 
 B)False

Question 5

How do the entity relationship (ER) and the REA diagrams differ?

Accepted Answer

ER and REA diagrams differ visually in a

Question 6

The duality association in an REA diagrams signifies that each economic transaction involves two agents.

Accepted Answer

A) True 
 B)False

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

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

Accepted Answer

Tables in an M:M association c

Question 10

Why are journals and ledgers not modeled in an REA diagram?

Accepted Answer

Accounting activities such as recording

Question 11

Define the value chain

Accepted Answer

These are the activi

Question 12

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 13

What is a semantic data model?

Accepted Answer

It is a framework for designin

Question 14

What is a user view?

Accepted Answer

A user view is the set of data that a pa

Question 15

How does the REA approach improve efficiency?

Accepted Answer

The REA approach can help improve operat

Question 16

Explain the difference between producing financial statements in a traditional system and in a REA model.

Accepted Answer

In a traditional system, financial state

Question 17

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

Accepted Answer

Taking an order typically involves only

Question 18

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 19

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 20

At least two REA agents participate in each an economic event.

Accepted Answer

A) True 
 B)False

Which of the following is true?

Which of the following events would be least likely to be modeled in a REA diagram?

Which types of entities are included in REA diagrams?

The events depicted on an REA diagram are transformed into computer processes while the resources and agents become relational database tables.

How do the entity relationship (ER) and the REA diagrams differ?

The duality association in an REA diagrams signifies that each economic transaction involves two agents.

All of the following are examples of economic events except

In REA, resources are assets that include accounts receivable.

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

Why are journals and ledgers not modeled in an REA diagram?

Define the value chain

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

What is a semantic data model?

What is a user view?

How does the REA approach improve efficiency?

Explain the difference between producing financial statements in a traditional system and in a REA model.

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

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

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

At least two REA agents participate in each an economic event.

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

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

Which of the following is true?

Which of the following events would be least likely to be modeled in a REA diagram?

Which types of entities are included in REA diagrams?

The events depicted on an REA diagram are transformed into computer processes while the resources and agents become relational database tables.

How do the entity relationship (ER) and the REA diagrams differ?

The duality association in an REA diagrams signifies that each economic transaction involves two agents.

All of the following are examples of economic events except

In REA, resources are assets that include accounts receivable.

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

Why are journals and ledgers not modeled in an REA diagram?

Define the value chain

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

What is a semantic data model?

What is a user view?

How does the REA approach improve efficiency?

Explain the difference between producing financial statements in a traditional system and in a REA model.

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

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

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

At least two REA agents participate in each an economic event.

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

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