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Author Question: The REA data model approach facilitates efficient operations by all the following except (Read 26 times)

magmichele12

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on: Apr 8, 2019

Question 1

Which of the following statements about REA modeling and REA diagrams is false?
◦ REA is an acronym for Resources, Entities, and Agents.
◦ REA data modeling does not include traditional accounting elements such as ledgers, chart of accounts, debits and credits.
◦ REA data modeling could be referred to as an events-based model.
◦ REA diagrams must include at least two activities, which together represent a give-get economic exchange.

Question 2

The REA data model approach facilitates efficient operations by all the following except
◦ standardizing source document format.
◦ identifying non-value added activities.
◦ storing financial and nonfinancial data in the same database.
◦ organizing data to simplify data retrieval and analysis.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
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Marked as best answer by magmichele12 on Apr 8, 2019

milbourne11

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Reply #1 on: Apr 8, 2019
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magmichele12

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Reply 2 on: Apr 8, 2019
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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