Taking into account that the quotation of internet. Not more than 45% .
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Writing all the references at the end.
You are a staff accountant at a large firm and are assigned to work with the IT department to update the current systems throughout the organization. An accounting intern is assigned to help with the project. The intern wants to document the current processes using a REA diagram.
Conduct a preliminary search and:
1- According to the above scenario, how do you explain to the intern why REA diagram is not appropriate?
2- Discuss the four rules for designing an REA diagram? Include a definition for each?
3- Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development?
The response addresses the query posted in 995 words with APA references
//The REA (Research, Events and Agents) diagram is the most popular and important model or diagram in the field of business. The diagram or model provides an overview of the project in the form of model that aims to show the pathway for the proceeding of the project. Other than this, the model may not be applied in some cases. Therefore, in the below section, the overview of the REA diagram, rules for its designing and its advantages are described. //
Q1 REA diagram:
REA stands for Research, Events and Agents. REA diagrams are the diagrams for approaching database design, and its objective is to provide the pictorial representation of the problems related to business and accounting (Hall, 2015). In the REA, each word has its own meaning for a particular or specific criterion, which is as follows:
R stands for resources, which take into account the assets of the organization.
E stands for events that mean the phenomena, which cause changes in the resources.
A means an agent that can be departments or any individual, who participate in events.
Therefore, in this way, REA diagrams provide very efficient operations as it details non-financial and financial business, and it gives more accurate, relevant and timely information (Jeusfeld & Pastor, 2003).
Now, the present scenario is that I am a staff accountant at a large firm and assigned to work with the IT department to update the current systems throughout the organization. An accounting intern is assigned to help me with the project. The intern wants to document the current processes using an REA diagram. ...
The expert explains why REA diagrams are not appropriate. The response addresses the query posted in 995 words with APA references.