Create an rea model (in either bnf grammar format or in er diagram format) for bowerkate corporation's revenue cycle as just described be sure to include all relevant entities, relationships, attributes, and participation cardinalities. Revenue cycle which parts would change there are also some resources in an rea model that do not appear on an organization’s balance sheet as an asset. Rea model of an ais in a relational database explain how to write queries to retrieve information from an ais relational database built joe's revenue cycle. Create a business process level rea model the following attributes are of interest to quandrax some are related to the sales/collection cycle. Inter-enterprise accounting information system in future research should be aimed at the revenue cycle keywords: rea model analysis and development. Learning objectives after studying this chapter, you should be able to: describe the major business activities and related information processing operations performed in the human resources management (hrm)/payroll cycle. Resources, events, agents (rea) is a model of how an accounting system can be re-engineered for the computer age rea was originally proposed in 1982 by william e. A key advantage of a large coordinated revenue cycle model is that it enables the division of labor and revenue cycle management has become an even.
Implementing an rea model in a once each single cycle rea 2 for information about the revenue and expenditure cycle activities for joe’s. A business's revenue cycle is the process of converting initial sales orders to eventual cash revenue a revenue cycle can be divided into two phases, the physical phase of transferring goods or. To illustrate rea view modeling, we will use a simplified description of a revenue cycle process following are its key features: apex supply company is a downtown philadelphia wholesaler of electrical products that sells to electri- cal retailers. Answer to draw an rea diagram for the revenue cycle at abc you should include all entities, relationships and cardinalities numb.
An economic-level and a business-level diagram of the merchant of venice’s revenue cycle the business-level rea diagram the rea accounting model. Rea model tables revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and. El integrative case revenue cycle figure 182 fred's train shop expenditure cycle lnvenlory orier frnployee lpurchosing implementing an rea model.
Accounting information systems 12th edition chapter in the rea model which entity is likely to be part of both the revenue cycle and the expenditure. The rea modeling approach to teaching accounting information systems the rea model was first conceptualized in a 1982 accounting review rea revenue cycle.
A standard of efficient business accounting is maintaining detailed records on accounts receivable one part of the accounting process is the revenue cycle, an important group of business activities.
Journal for the advancement of science & arts, vol 1, no 1, january – june 2009 43 resource-event-agent (rea) modelling in revenue information system (ris) development: smart application for direct-selling dealers and smes 1 khairina rosli, 2aidi ahmi, 3liana mohamad 1&2 college of business. In the revenue cycle–to make sure that the transaction should occur as a result, a specific ok must be given to sell on credit to new or repeat customers, to. Rea model revenue cycle the accounting cycle five cycles of accounting the accounting cycle consists of five components: revenue, expenditures, financing. The rea approach 460 the rea model 460 developing an rea model 462 differences between er and rea diagrams 463 view modeling: creating an. Ed rea approach notes study notes prepared by h m savage ©south-western publishing co, 2004 page 10-4 d traditional approach to modeling business processes traditional modeling of business processes is represented in fig 10-5, on page 542 the rea approach follows iii developing an rea model this section outlines the steps. Rea date model anonymous label you want to start putting together a basic model for the rea data model for the revenue cycle to present to the business.
1 prepare a document or hybrid flowchart that shows all the recording, maintenance and reporting explicitly mentioned above 2 prepare an rea data model for jacobs' cleaning service revenue cycle. Draw an rea diagram complete with cardinalities for joe s revenue revenue cycle education the rea data model is used to develop databases that. Required: create a business process level rea model (in either grammar or diagram format) for quandrax computers’ sales/collection process be sure to include all relevant entities, relationships, attributes, and participation cardinalities. The rea data model figure 17-3 basic elements of an rea diagram 2lhe material in this section is adapted from william e mccarrhy, an enriry-relationship view of. Ekonomika a management cepts and relations in the rea model revenue cycle is in more detail depicted by fig4 ekonomika a management. Rea model the rea model was developed by william e mccarthy in 1982 as a standard accounting model where he introduced the concept of resources, agents, and events (mccarthy, 1982)he designed the model in attempts make ais an integral part of an organizations database system by removing elements such as double journal.