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Author Question: Using an REA database design, which of the below is false with regards to cost data? (Read 60 times)

RRMR

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on: Apr 8, 2019

Question 1

In an expenditure cycle diagram, which of the following is an example of an event that larger organizations might want to include in their extended REA model?
◦ Request.
◦ Order.
◦ Ship Order.
◦ Fill Order.

Question 2

Using an REA database design, which of the below is false with regards to cost data?
◦ Cost information is stored in several tables.
◦ Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
◦ In contrast, the actual cost of inventory is stored in a relationship table because prices can vary over time.
◦ Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
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Marked as best answer by RRMR on Apr 8, 2019

dantucker

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Reply #1 on: Apr 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply #2 on: Apr 8, 2019
Thank you!


dantucker

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Reply #3 on: Apr 8, 2019
Always glad to help...


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