Chapter 6 Flashcards
Economic Increment Events
Events that increase resources, either in quantity or in value. (i.e. purchase (receipt of goods) in the acquisition cycle, cash receipt in the revenue cycle
Economic Decrement Events
Events that decrease resources, either in quantity or in value (i.e cash disbursement in the acquisition cycle, sale in the revenue cycle)
Duality
The causal association between the economic increment and decrement events that make up an economic exchange
Stockflow
The association between an economic event and the resource that event increases or decreases
Participation
Relate events to agents who participate in those events
Custody
The association between an agent and a resource such that the agent either has physical control over the resource or controls access to the resource
Assignment
Association between an internal agent and an external agent that is separate from any event in which they might both participate
Responsibility
Association between two types of internal agents that is separate from any event in which they might both participate
The recommended Step 1 in REA business process level modeling is
IDK
Which of the following pairs of classes would typically be related to each other in a stockflow association in a REA model?
IDK
If a resource class represents individually identified resources, the expected multiplicity pattern for its association with an economic event class is
IDK
In REA business process level modeling, resources are connected to economic events using ____ association
IDK
Internal agents typically associated with economic increment events via participation relationships in the acquisition/payment process include:
IDK
For supply acquisitions the associated resource is usually ____, and for operating asset acquisitions the associated resource is usually ____.
IDK
Which classes would be paired in a stockflow association in the acquisition cycle?
IDK
