Modeling Business Enterprises as Value-Added Process Hierarchies with Resource-Event-Agent Object Templates

Geerts, Guido L.; McCarthy, W. E. J.

doi:10.1007/978-1-4471-0947-1_10

Cited by 33 publications

(37 citation statements)

References 4 publications

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“…The major consumption and acquisition economic events are illustrated within bubbles, and as always occurs with any decomposition process, the choice of event granularity to portray is a heuristic decision. These judgments are beyond my scope here, but Geerts and McCarthy (2001) discuss them extensively. The minus and plus signs indicate give and take, but these are sometimes left out where the directional arrows make the value-adding resource flow obvious.…”

Section: Figure 6 Definitions Of Business Process and Value Chainmentioning

confidence: 99%

“…Additional acknowledgments are due to Steve Zeff, Severin Grabski, Anita Hollander, Tracey Sutherland, and Bob Haugen. REA as it stands in 2003 is a vastly extended framework, and it is actually a candidate model for several e-commerce transaction standards (David et al 2002;Geerts and McCarthy 2003). Additionally, REA modeling is used in a large number of AIS courses and featured in a variety of AIS textbooks, both in the United States and internationally.…”

Section: William E Mccarthy Is a Professor At Michigan State Universmentioning

confidence: 99%

“…Figure 6 illustrates how the REA model maps to the foundational frameworks for these two technologies by defining a business process and an enterprise value chain. The business process definition is due almost entirely to Hammer and Champy (1993, 35), while the value chain definition is an aggregate of the thinking of Porter (1985), Ijiri (1967), Hergert and Morris (1989), and Geerts and McCarthy (1997). Each business process illustrated has a set of inputs (economic resources given or consumed) and a set of outputs (economic resources taken or acquired).…”

Section: Rea As a Business Process Pattern And Value Chain Componentmentioning

confidence: 99%

“…To assist in seeing this abstraction process, McCarthy (1997, 1999) developed an REA shorthand notation for illustrating enterprise value chains as portrayed in Figure 7.…”

Section: Rea As a Business Process Pattern And Value Chain Componentmentioning

confidence: 99%

“…The reengineering literature (Hammer and Champy 1993;Hammer 2001) and some managerial accounting texts contain sound advice as well. Our own best thinking on teaching this material is given in Geerts and McCarthy (2001), but some additional schemes might be resolved soon . To me, this is clearly an area that needs additional teaching and research work by the AIS design science community.…”

Section: Figure 6 Definitions Of Business Process and Value Chainmentioning

confidence: 99%

See 4 more Smart Citations

The ALLTEL Pavilion Case: Strategy and CVP Analysis

Blocher

Chen

2004

Issues in Accounting Education

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The REA model was first conceptualized in a paper for the 1982 The Accounting Review as a framework for building accounting systems in a shared data environment, both within enterprises and between enterprises. The model's core feature was an object pattern consisting of two mirror-image constellations that represented semantically the input and output components of a business process. The REA acronym derives from that pattern's structure, which consisted of economic Resources, economic Events, and economic Agents.Simultaneous with its research publication, REA began to be used as a framework for teaching accounting information systems (AIS), originally at Michigan State University and then gradually at other colleges and universities. In its extended form, the REA model integrates the teaching of accounting transaction structures, commitment and business policy specification, business process engineering, and enterprise value chain construction. As of 2003, REA modeling is used in a variety of AIS courses and featured in a variety of AIS textbooks, both in the United States and internationally.

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Section: Figure 6 Definitions Of Business Process and Value Chainmentioning

confidence: 99%

Section: William E Mccarthy Is a Professor At Michigan State Universmentioning

confidence: 99%

Section: Rea As a Business Process Pattern And Value Chain Componentmentioning

confidence: 99%

“…To assist in seeing this abstraction process, McCarthy (1997, 1999) developed an REA shorthand notation for illustrating enterprise value chains as portrayed in Figure 7.…”

Section: Rea As a Business Process Pattern And Value Chain Componentmentioning

confidence: 99%

Section: Figure 6 Definitions Of Business Process and Value Chainmentioning

confidence: 99%

See 3 more Smart Citations

The ALLTEL Pavilion Case: Strategy and CVP Analysis

Blocher

Chen

2004

Issues in Accounting Education

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The REA-DSL: A Domain Specific Modeling Language for Business Models

Sonnenberg

Huemer

Hofreiter

et al. 2011

Notes on Numerical Fluid Mechanics and Multidisciplinary Design

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In the discipline of accounting, the resource-event-agent (REA) ontology is a well accepted conceptual accounting framework to analyze the economic phenomena within and across enterprises. Accordingly, it seems to be appropriate to use REA in the requirements elicitation to develop an information architecture of accounting and enterprise information systems. However, REA has received comparatively less attention in the field of business informatics and computer science. Some of the reasons may be that the REA ontology despite of its well grounded core concepts is (1) sometimes vague in the definition of the relationships between these core concepts, (2) misses a precise language to describe the models, and (3) does not come with an easy to understand graphical notation. Accordingly, we have started developing a domain specific modeling language specifically dedicated to REA models and corresponding tool support to overcome these limitations. In this paper we present our REA DSL which supports the basic set of REA concepts.

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Extending the REA-DSL by the Planning Layer of the REA Ontology

Mayrhofer

Huemer

2012

Lecture Notes in Business Information Processing

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The Resource-Event-Agent (REA) ontology is a powerful and well accepted approach towards the design of accounting information systems (AIS). However, the REA notation-that is currently based on class diagrams-is not very intuitive for business experts. Accordingly, we aim at a REA domain specific modeling language that facilitates the communication between business experts and IT professionals. In previous work we defined the REA-DSL operational layer reflecting actual business events which "have occurred" or "are occurring". In this paper we extend the REA-DSL by the planning layer capturing what future events "are scheduled" or "are planned" by commitments. Now, our REA-DSL covers all basic concepts to describe a full accounting infrastructure. The REA-DSL may serve as a solid basis for generating a conceptual AIS data model-which is subject to future work.

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Modeling Business Enterprises as Value-Added Process Hierarchies with Resource-Event-Agent Object Templates

Abstract: Applying object orientation to the task of modeling the value-added processes of

Cited by 33 publications

References 4 publications

The ALLTEL Pavilion Case: Strategy and CVP Analysis

The ALLTEL Pavilion Case: Strategy and CVP Analysis

The REA-DSL: A Domain Specific Modeling Language for Business Models

Extending the REA-DSL by the Planning Layer of the REA Ontology

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