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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Develop an REA data model for ordering inventory. Consider this a single event. You will need to identify the associated resource(s) and agent(s). Draw the model using Microsoft Visio (or other software).

Summary Introduction

To develop: REA data model for ordering inventory.

Explanation

Resources-Events-Agents (REA) model:

  • This model tells how the accounting system can be re-engineered for the computer age. This model helps in eliminating many accounting objects that are not that necessary in the computer age.

Justification:

  • Models are the simplified versions of an entity. It also helps in identifying and understanding the functional aspects of as entity...

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