TAILIEUCHUNG - Lecture Accounting information systems basic concepts and current issues (4th edition): Chapter 8 - Robert L. Hurt

After studying this chapter you will be able to: Use historical examples to illustrate how economic, social, and political factors determine trade policies; relate historical trends in trade policies to changes in economic, social, and political factors; show that there is no clear historical trend towards free trade; periods of free trade have been followed by periods of restricted trade, and vice versa;. | Chapter 8 REA Modeling Outline Learning objectives Purpose and uses Terminology Cardinalities Database design Learning objectives Compare and contrast view-driven and event-driven accounting information systems. Use REA modeling to represent an event-driven AIS. Use a REA model to design a relational database for an event-driven AIS. Purpose and uses Purpose To describe an event-driven accounting information system Uses Identify the essential Resources, Events and Agents of the AIS Establish relationships between them Design relational databases to implement an event-driven AIS Terminology Events (center column) Three types Operating: sell inventory to customers Information: record inventory sales in the AIS Decision / management: decide whether to drop a specific product line Only strategically significant operating events appear in a REA model Determining strategically significant operating events is a matter of judgment and practice Terminology Resources (leftmost column) Items needed to carry out the events Examples Cash Inventory Equipment Employment application Terminology Agents (rightmost column) People needed to carry out the events Examples Employees Vendors Customers Stockholders Terminology Inventory Buy inventory Vendor Employee All entities in a REA model are illustrated with rectangles. Resources on the left, events in the middle, agents on the right. Cardinalities Show relationships between elements of the REA model Facilitate creation of database tables Three common symbols 0 1 * An employee might process no purchase orders. (“0”) Every order involves exactly one customer. (“1”) A single purchase requisition can include multiple inventory items. (“*”) Cardinalities To create cardinalities between two elements of a REA model, ask four questions. Set 1 For each “x,” what is the minimum number of “y?” For each “x,” what is the maximum number of “y?” Set 2 For each “y,” what is the minimum number of “x?” For each “y,” what is the maximum number of “x?”

• Kế toán - Kiểm toán
• Accounting principles
• Fundamental accounting principles
• Capital budgeting
• Managerial decisions
• Managerial decision scenarios
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting