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The Resources, Events, and Agents (REA) Approach to Database Modelling

Choose any company (your choice) and do the following SIX (6) items:

1. First of all discuss how the REA approach to database design will overcome problems with traditional approaches for your company of choice.

2. Identify the Resources, Events and Agents entity types in your company.

3. Discuss the economic duality that occurs in your company.

4. Develop three (3) individual REA diagrams.

5. Develop one (1) Enterprise-Wide REA model (i.e. View Integration).

6. Discuss the competitive advantages of using the REA approach in your company. This will be done by doing a value chain analysis.

Report is due by week 11 Friday 5pm online AND with a hard copy to Holmes (same deadline). Worth 15%
GROUPS OF THREE STUDENTS.
Groups will present a short group presentation in week 12 class on the contents of their assignment (presentation time should be 8 to 10 minutes). Worth 5%

All notes for this assignment can be found in Chapter 10 of the textbook:
Hall, James A. (2013) Accounting Information Systems, 8th edition, South-western Cengage Learning.
MARKING SCHEME FOR REPORT:


Question 1:
REA approach to database design Excellent
8-10 Good
6-7 Average
5 Not adequate
3-4 Poor
0-2
Clearly justified reasons
Well referenced literature to topic
Comments:
/20%


Question 2:
Resources, Events and Agents entity types
Question 3:
Discuss the economic duality Excellent
8-10 Good
6-7
Average
5 Not adequate
3-4 Poor
0-2
Selection of suitable resources, events and agents
Appropriate use of economic duality
References used to justify choices
Comments:
/30%

Question 4: Three (3) individual REA diagrams
Question 5: One (1) Enterprise-Wide REA model
Question 6: the competitive advantages of using the REA approach Excellent
8-10 Good
6-7 Average
5 Not adequate
3-4 Poor
0-2
Suitable use of REA diagrams
Correct REA diagrams
Suitable use of enterprise-wide REA model
Correct enterprise-wide REA model
Correct competitive advantages with references
Comments:
/50%
Overall Comments TOTAL /100%