There are differences between a REA diagram and an ER diagram. In a 1-2 page paper, describe at least 3 differences and 3 similarities between the two diagrams.

Your paper should include the following:

An explanation of what each acronym stands for and why
Effects (of both REA and ER diagrams) on company's financial statements
Implications of using one diagram over the other and vice versa

Question

There are differences between a REA diagram and an ER diagram. In a 1-2 page paper, describe at least 3 differences and 3 similarities between the two diagrams.

Your paper should include the following:

An explanation of what each acronym stands for and why
Effects (of both REA and ER diagrams) on company's financial statements 
Implications of using one diagram over the other and vice versa