REA data model in designing Accounting Information Systems: A simulation case

• Main Authors: SEOW, Poh-Sun, PAN, Gary, BHATTACHARYA, Lipika, KOH, Bernie
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: MultiMedia case; simulation; accounting; REA Framework; Accounting Information Systems; Accounting
• Online Access: https://ink.library.smu.edu.sg/cases_coll_all/453; https://smu.sharepoint.com/sites/admin/CMP/cases/SMU-22-BATCH%20%5BPDF-Pic%5D/SMU-23-0040%20%5BREA%5D/SMU-23-0040%20%5BREA%5D.pdf?CT=1680169624761&OR=ItemsView
• Institution: Singapore Management University

This simulation case is meant to be used as a learning object for students to understand the various facets of the Resources, Events, Agents (REA) data model in designing accounting information systems. The case allows students to analyse the various entities in an REA data model, and identify associations between these entities and their cardinalities. There are two scenario examples provided in the simulation – 1) YY Frozen Yoghurt and 2) SMU Mart. The first simulation helps students understand the concepts of the REA data model, and the second simulation assesses students’ understanding of the REA concepts and framework. Learning Objective (241 characters with spaces) The case allows students to learn about (1) the conceptualisation of the REA data model and its elements; (2) the entities of the REA data model, and their definitions and application; (3) the significance of the REA data model in accounting.