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.
Model Organism Drosophila
brain model
Cutaway Model of Earth
The Solar Model
Lock and Key Model
Hepatic Acinus Model of Liver Function