Question : 6.Explain the rule for assigning foreign keys in a (1:M) : 1819518 6.Explain the rule for assigning foreign keys in a (1:M) association? 7.How does the REA model categorize events? 8.Define the value chain 9.Define duality. Solution 5 (1 Ratings ) Solved Accounting 1 Week Ago 20 Views This Question has Been Answered! View Solution TRUE/FALSE 1.According to the REA philosophy, information systems should support only the needs of accounting professionals. 2.Many believe that the accounting profession... 11.The duality association in an REA diagrams signifies that each economic transaction involves two agents. 12.A difference between ER and REA diagrams is that ER diagrams... MULTIPLE CHOICE 1.Which statement is NOT true? REA resources are: a.assets b.affected by support events c.scarce d.under... 11.Which types of entities are included in REA diagrams? a.support events b.economic events c.internal agents d.all of the above ... SHORT ANSWER 1.What is a user view? 2.What do the letters ‘R,’ ‘E,’ and ‘A’ stand for in the term “R... 6.Explain the rule for assigning foreign keys in a (1:M) association? 7.How does the REA model categorize events? 8.Define the value chain 9.Define duality... 10.Describe the rule for assigning foreign keys in a (1:1) association 11.Explain the relationship between Cardinality and Association. 12.Explain how events, resources a... 16.Define cardinality. 17.Define association. 18.Why are journals and ledgers not modeled in an REA diagram? 19.What are the four basic forms of cardinalit... ESSAY 1.List and explain the steps involved in preparing an REA model of a business process. 2.What is the REA model? What does it mean for accountants? 3.... 4.How do the entity relationship (ER) and the REA diagrams differ? 5.Since REA databases do not employ journals and ledgers, how can they support financial statement...
