Define What a Structural Model Is

question 20

Essay

Define what a structural model is. Why should a systems analyst create one? Why is the creation of a structural model iterative?

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, typically recorded as an expense for the period it relates to.

Year-End

The conclusion of an accounting period, typically the end of the fiscal or calendar year, when companies finalize their financial statements.

60-Day Note

A financial instrument or a loan agreement that requires repayment of the principal amount along with any accrued interest within 60 days.

Note Receivable

A written promise that entitles the holder to receive a specified amount of money at a set date in the future, often bearing interest.