AnREAModelofanEconomicExchange.pptVIP

An REA Model of an Economic Exchange Cookie-Monster (the customer) and Elmo (the entrepreneur) meet in the (real or virtual) marketplace, thus setting the stage for an Economic Exchange Cookie-Monster (the customer) and Elmo (the entrepreneur) engage in a SHIPMENT (transfer of Cookie Inventory) Cookie-Monster (the customer) and Elmo (the entrepreneur) engage in a PAYMENT (transfer of Cash) Different perspectives on REA modeling needed for enterprise modeling (value chains) and collaboration space (supply chains) Enterprise modeling (as evidenced in normal ERP systems) is done from the