Describe at least 3 differences and 3 similarities between REA diagram and an ER diagram.

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