Theoretical Article
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REA ACCOUNTING MODEL IN THE DESIGN OF ACCOUNTING INFORMATION SYSTEMS

Year 2022, Volume: 21 Issue: 45, 1537 - 1557, 30.12.2022
https://doi.org/10.46928/iticusbe.1069001

Abstract

Information is the basis for businesses to continue their activities and make decisions about their activities. Since knowledge is not a readily available value, it can be produced by systematically processing data, which can also be expressed as the smallest parts of activities. This is done through information systems, which are systems that produce information. Although businesses can collect a lot of data about their activities with the opportunities brought by information and communication technologies, it will be possible for them to include this data in the information producing process for decision-making purposes only if the databases are structured for these purposes. There are many models in structuring databases. Within the scope of this study, the REA (resources-events-agents) accounting model, which is one of the models used in the design of the database of the accounting information system that produces financial information, and which plays an important role in the structuring of the databases of today's enterprise resource planning systems, has been examined, and theoretical explanations are explained by an example.

References

  • Hall, J. A. (1998). REA: An evolutionary perspective. Review of Business Information Systems (RBIS), 2(3), 1-10.
  • Hall, J. A. (2011). Accounting Information Systems, 7th Edt. South Western Publ.
  • Mayrhofer, D., Huemer, C., & Regatschnig, P. (2013). REA-ERP: Challenges of using REA in an ERP System. In 7th International Workshop on Value Modeling and Business Ontology (VMBO 2013) (pp. 1-4).
  • McCarthy, W. E. (1982). The REA accounting model: A generalized framework for accounting systems in a shared data environment. Accounting review, 554-578.
  • Nikitkov, A. (2020). REA model, its development and integration as an enterprise ontology framework. Journal of Accounting and Management Information Systems, 19(3), 566-594.
  • Sürmeli, F., Erdoğan, M., Erdoğan, N., Banar, K., Kaya, E. ve Sevim, A.(2007). Muhasebe bilgi sistemi(1.baskı), Açıköğretim Fakültesi Yayını No:895, Eskişehir.
  • Perry, J.T., ve Schneider, G.P.(2003). Using Access 2002 in Accounting, 2nd Edt., South-Western College Publ.
  • Poels, G., Maes, A., Gailly, F., & Paemeleire, R. (2011). The pragmatic quality of Resources‐Events‐Agents diagrams: an experimental evaluation. Information Systems Journal, 21(1), 63-89.
  • Schwaiger, W. S. (2016). REA Business Management Ontology: Conceptual Modeling of Accounting, Finance and Management Control. In CAiSE Forum (pp. 41-48).

Muhasebe Bilgi Sistemi Tasarımında REA Muhasebe Modeli

Year 2022, Volume: 21 Issue: 45, 1537 - 1557, 30.12.2022
https://doi.org/10.46928/iticusbe.1069001

Abstract

Information is the basis for businesses to continue their activities and make decisions about their activities. Since knowledge is not a readily available value, it can be produced by systematically processing data, which can also be expressed as the smallest parts of activities. This is done through information systems, which are systems that produce information. Although businesses can collect a lot of data about their activities with the opportunities brought by information and communication technologies, it will be possible for them to include this data in the information producing process for decision-making purposes only if the databases are structured for these purposes. There are many models in structuring databases. Within the scope of this study, the REA (resources-events-agents) accounting model, which is one of the models used in the design of the database of the accounting information system that produces financial information, and which plays an important role in the structuring of the databases of today's enterprise resource planning systems, has been examined, and theoretical explanations are explained by an example.
Purpose: The purpose of the study is examining the REA accounting model, which is one of the models used in the structuring of databases and especially developed for accounting applications, and explaining the model with the help of a purchasing transaction example.
Method: In line with the purpose of the study, the literature on the REA model has been reviewed and a purchase transaction example has been developed for the model.
Findings: The REA accounting model has been a milestone in the development of today's enterprise resource planning systems. How the data in the database will be organized and how they can be associated with each other is the basis of the information producing of the enterprises. In this respect, the REA model has revealed the necessity of examining the business activities in terms of activities, not functions.
Originality: The ability of enterprise resource planning systems to carry out business activities lies in the systematic organization of data related to activities. However, the fact that financial and non-financial data have different attributes due to their nature creates problems in associating them with each other. At the point of the REA model solving this problem, this study is important in terms of bringing the subject to the Turkish accounting literature.

References

  • Hall, J. A. (1998). REA: An evolutionary perspective. Review of Business Information Systems (RBIS), 2(3), 1-10.
  • Hall, J. A. (2011). Accounting Information Systems, 7th Edt. South Western Publ.
  • Mayrhofer, D., Huemer, C., & Regatschnig, P. (2013). REA-ERP: Challenges of using REA in an ERP System. In 7th International Workshop on Value Modeling and Business Ontology (VMBO 2013) (pp. 1-4).
  • McCarthy, W. E. (1982). The REA accounting model: A generalized framework for accounting systems in a shared data environment. Accounting review, 554-578.
  • Nikitkov, A. (2020). REA model, its development and integration as an enterprise ontology framework. Journal of Accounting and Management Information Systems, 19(3), 566-594.
  • Sürmeli, F., Erdoğan, M., Erdoğan, N., Banar, K., Kaya, E. ve Sevim, A.(2007). Muhasebe bilgi sistemi(1.baskı), Açıköğretim Fakültesi Yayını No:895, Eskişehir.
  • Perry, J.T., ve Schneider, G.P.(2003). Using Access 2002 in Accounting, 2nd Edt., South-Western College Publ.
  • Poels, G., Maes, A., Gailly, F., & Paemeleire, R. (2011). The pragmatic quality of Resources‐Events‐Agents diagrams: an experimental evaluation. Information Systems Journal, 21(1), 63-89.
  • Schwaiger, W. S. (2016). REA Business Management Ontology: Conceptual Modeling of Accounting, Finance and Management Control. In CAiSE Forum (pp. 41-48).
There are 9 citations in total.

Details

Primary Language Turkish
Journal Section Teorik Makale
Authors

Aziz Arman Karagül 0000-0003-3909-3614

Early Pub Date December 30, 2022
Publication Date December 30, 2022
Submission Date February 6, 2022
Acceptance Date November 30, 2022
Published in Issue Year 2022 Volume: 21 Issue: 45

Cite

APA Karagül, A. A. (2022). Muhasebe Bilgi Sistemi Tasarımında REA Muhasebe Modeli. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 21(45), 1537-1557. https://doi.org/10.46928/iticusbe.1069001