+1-415-670-9189
info@expertsmind.com
The rea data model
Course:- Accounting Basics
Reference No.:- EM13874728




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Question: "The REA Data Model" Please respond to the following:

Your firm wants to move from a relational database model to the REA data model. Explain to your senior management the risks and rewards of such of a move. Be sure to provide specific examples to support your response.

As we know, the REA data model is an emerging technology change. Make five recommendations for creating useful entity-relationship (E-R) diagrams. Rank them in level of importance, and then justify your ranking.

Answered:-

Verified Expert


Preview Container content

Relational data base model has been in use for several decades and this model has won trust of the users. However the technology is ever changing and now some firms prefer to use Resource Event Agent (REA) data model over relational database model. While the relational database model is event based, REA database model is event driven. REA database model is based upon the relationship of the database items. This model is based upon the relational database model but it provide a better pictorial view of the relational database. Various symbols are used to demonstrate the various aspects of the database items. Rectangles represents entities, relationship between the entities is represented by diamonds and oval represents the attributes.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
A national survey of 31,044 adults revealed a link between insomnia and other sleeping problems with high blood pressure, heart failure, anxiety, and depression. Experts sa
A company's sold antacid formula provided relief for 70% of the people who used it. The company's tests a new formula to see if it is better and gets a P-value of 0.27. Is i
Sales revenue for 2008 was $1,000,000 of which 80% was on credit. Historical data indicates that 3 percent of gross credit sales prove uncollectible. (As such 3% of gross cr
On January 2, 2010, Brock Corporation purchased a tract of land (site number 101) with a building for $600,000. Additionally, Brock paid a real estate broker's commission of $
Amber Gray tells you that the accountants where she works are real hair splitters. For example, they make a big issue over the difference between a cost and an expense. She sa
The job required Nkr 3,800 in direct materials and 30 hours of direct labor time at a total direct labor cost of Nkr 6,649. The job contained only four units. If the company
In 2010, Grant's personal residence was damaged by fire. Grant was insured for 90% of his actual loss, and he received the insurance settlement. Grant had adjusted gross inc
Classical is the plaintiff in a $4 million lawsuit filed against a supplier. The suit is in final appeal and attorneys advise that it is virtually certain that Classical will