Entity Relationship Model, Research Paper Example

Abstract

In the current business environment, companies operate in the market that is turning to be intricate and ever change. This might be illustrated with number of illustrations. The rate of  introduction of the new product as well s services is increasing each year and as lifecycle turns to be short, the product and service are tailored to the requirement if the small market division or the need for special clients. The new supply channel has been developed that facilitate faster introduction of products. To put up as well as implement this growth in intricacies of product, service and supply methodology, firms are constantly re-designing their organization layout as well as their business process to grow efficiency. The purchase of, mergers and strategic partnership and sales of division, are hence all more frequent to be taken into consideration as part of the constant firm change process.

Margins between the firms are blurred. Ne financial products is being created and provided at least cost whilst being distinguished by high financial risk. The diverse likely chances of these phenomenon have distinguished the business circumstance with intricate vitality. The extent of which the business might be triumphant in competition is based on the fastness at which the company might adapt to change situations. This mainly on the basis of the capacity of the business information system to aid changing user information need. To bring up to date their information system, many firms have reinstated their bequest information system by implementing latest entirety relationship model. In many instances, these venture were undertaken to comply with many objectives concurrently. For instance, within the business, many diverse kind of bequest information system were in use that did not meet the millennium and the Euro needs. The centre of these information system was on providing transaction-based data with the least focus on the need o decision support system. Many at times, the business experienced a business re-engineering process leading to organization change, distinguished by latest information needs.

In many circumstances, current system were not sufficiently supple to comply with the latest information needs, nevertheless, when the millennium turn and many firms had implemented their entirety relationship model, a growth in the number of grievance were evident. For instance, the cycle of implementing the new system took long time and very expensive unlike the initial forecasted cost and time. The capacity of the entirety relationship model ever to comply the return on investment benchmark was subject of discussion scone there was supply and the prospect proofing, allegedly sufficient to provide the company to keep on being an organization’s main business information system for many years in ever changing situation. New users commencing to depict the current and the existing information as well as the current users with the latest or changed information requirements distinguished the ever-changing environment that the information system must accommodate information. Whether the ERP system might sufficiently responds to these different information needs is an important matter of discussion.

Purpose of the report

The report focus in the question of how the entirety relationship model might better stored data to service internal as well s external information requirements that might change as time goes by. The latest methodology of planning the accounting data, appropriate to organize as an entity relationship model data model, is anticipated. The data model must be wholly and vigorous in order for it to be implemented as a data model for the ERP model and deployable as a data source in real life situation for the clients. It must be in a position of holding data and the new information requirements.

The wholeness of the data kept in this latest anticipated data model is authenticated by answering the question of whether sufficient data might be stored to service the information needs of the latest applications (Jabri, 2012). We consider validating the wholeness of the data by new application as the worth added is better revealed when the data might be provided for an application not presently aided by data extracted from the current entirety relation sip model. As an agent of latest application supported , if enough data  might be evident to service structural trade appraisal verdict making with ex-ante and ex-post accounting data that is applicable in manufacturing  firms will be apprised.

To reach this services , the latest application initial to be defined by introducing the rationale for business logistics into the domain of treasury control to get a layout treasury control verdict framework in which verdicts are defined at many level of the business. The management accounting theorem wills he applicable to appraise the ex post and ex ante information relevant supporting the verdict. Once ever information needs for the latest data is appraised s corroboration of lately anticipated accounting data mode’s capacity of holding enough data, it will be appraised as corroboration of the many purpose of the data firm’s methodology.

Background of the subject process in the company

The data documenting methodology to the data employed in BPI of the entity relationship model is examined based on the data employed to service the information needs as anticipated in the past section. The change in BPI exists when the activity is competed and the execution of the BPI is continuing with the next activities occasion. In this point, the data on the condition of the completed activities are documented. This leads to the question of how the data on the finished activity is stored in the data model and if the data on diverse activity of the similar BPI might be made to join. This is explained by examining the manner to which the data on Bpi 2 “material procurement” is stored.

Current business issues that leads to the new accounting information system process

In understanding the above BPI proceeds, it is evident that the data necessary in supporting the information requirement of one BPI as identified as finished activity and is normally redefined from zero. This is executed either by copying and changing the data from the past BPI state or by developing a wholly new definitions. An example of the latter is the data creation for the order chair frames. Some of the data are copied such as the business partner I while others are redefined lie the anticipated quantity, anticipated supply data e.t.c..

This turns to be dedicated amount, dedicated supply e, t, and c. An example of later alternative is the creation of data for the post invoice. The BPI state: Acknowledge Involve”. Posting the invoice is just a summary documenting of the net amount classified in specific general ledger account. In contrast with the past activity like acknowledging invoice, every other invoice data are lost.

In view of the data on the whole process of BPI, it might be concluded that the BPI normally carries every of its data with it built that there is no main approach to bring data of a specific BPI together. There is no alternative of retracing the BPI data to any of the many activities situation of BPI, because of the data planning approach applied such as copying or modifying. As a result, there is least possibilities of improving functionality of the application aided by BPI state since it is limited by the existing data for that specific BPI state with no alternative of reusing data defined for other business produce illustration situation

Treatment of the proposed process

The adoption of the research outcome on REA in the existing entirety relationship model is examined. McCarthy (1979) pointed out that the business dealing might be re-used to service many information requirements from any diverse users when important data traits are documented. In his REA model, he defines resource, event, and agent as the important constituents to be frequently documented in the data model. The question is still whether the designers of the entity relationship model ever followed its recommendations.

As now pointed out, among the other setbacks realized by many examiners. Sakagami (1995) commented that the REA model is not appropriate for large-scale implementation. He pointed out that the model is in deficit of reusability as well as the extendibility (Macleod, 2006). As a result of this setbacks, is not anticipated that the entity relationship model have adopted features of the REA outline in their primary format. Nevertheless, the designers of the entity relationship model might have altered the REA model to on e appropriate for implementation of entry relationship model.

Data are documented in the standard employed by users of the well-designed sphere. For instance, the post invoice activity means that the financial outcome of the acknowledged purchase invoice activities is documented in the general ledge account. Data on important REA constituents like the resource or the agent will lose. This is justifying the argument that no comprehensive replica of the REA model was relevant as a data storage methodoloogy in the sample ERP system.

The extend to which the data model of the current ERP model adheres with the Grundrechnung data storage principle is examined. With regards to likely application of the data documented principle of Grundrechnung in the data model design of the existing entity relationship model, a research of the ERP demonstrates that none of the data prescribed documenting principle is followed for BPI data. The data-documenting ration is;

• No assorted classification or summary of data constituents. The data documenting rationale prescribe that data must be assorted consistently and that comprehensive data must be documented in every circumstance(Palmer, 2016). From the above analysis, it is evident that data on a finished activities are normally stored in the domain unique structure. For instance, data posting the invoice is stored in general ledger account while the data on quotation for wheelchairs are stored on the distribution logistics unique format. It is hence established that data on diverse finished activities are documented variedly. Based on the traits of the activities, comprehensive data are documented.
• No subjective division as well as allotment of accounting data. This data documenting rationale recommends that the accounting data must he documented as they exist in the BPI before defining workings or allotment. In addition, it is evident that data on some of the finished financial activities are sorted in the general ledger accounts. The stored data in the general ledge account are classified and unique to the details of the BPI options of general ledger accounts is based on the state of the BPI and the workings or the allotments of data that might have place prior to the actual day documenting on the general ledger account.
• Documenting an entry at the least level prescribes that the data must e documented with as much information as possible. In some instance, this documenting rationale is attained. For instance, data on the purchase order wheelchair is stored with complete information like the least level. Nevertheless, in other instances, this documenting rationales is a threat. For instance, when data on BPI is stored in the general ledge account, merely a financialy rundown of the data on the completed activated is store while the comprehensive data is lost.

Conclusion

The report centered on the question of the manner to which the entity relationship model might better store data to service internal as well s external information requirements that might change as time goes by. We considered authenticating the wholeness o the existing data through new application as the value added is ideally justified when the data might be provided for an application nit at present aided by the data extracted from the current entity relationship model. The extent of which the business might be triumphant in competition is on the basis of the fastness at which the company might adapt to change situations. This is mainly on the basis of the capacity of the business information system to aid changing user information need. To bring up to date their information system, many firms have reinstated their bequest information system by implementing latest entirety relationship model. In many instances, these venture were undertaken to comply with many objectives concurrently

The centre of the new system implementation is on the business algorithm that solves the changed management information issues. Once the new algorithms are defined, they are then planned and created in the new accounting software application. The share data model that hold the data employed to service every of the entity relationship application, is altered, in which the data prove less sufficient, based on the latest data needs. This methodology normally means the creation of the new algorithm as well as the data model extetniosn. An instance within the treasury control domain is the creation of latest algorithm to serve as treasury control verdict policy in which the verdict is supported in a structural manner in which there might be many options solution for a single verdict. In operations management, many of the structural verdict application are now known which centre on optimization of the operational resource.

The rate of  introduction of the new product as well s services is increasing each year and as lifecycle turns to be short, the product and service are tailored to the requirement if the small market division or the need for special clients. The new supply channel has been developed that facilitate faster introduction of products. To put up as well as implement this growth in intricacies of product, service and supply methodology, firms are constantly re-designing their organization layout as well as their business process to grow efficiency

The structural verdict making relate to verdict that are defined at diverse level in which the result of verdict defined at the highest level set the scope to optimize verdict deigned at the least level. Similar structural verdict making application might be created to service treasury control verdict that priorities financial resources usage. Where these functional application created as entity relationship, software applications, subsequent to this methodology, might commands the entity relationship model to be altered or expanded for the misplaced data.

References

Jabri, M. (2012). Managing Organizational Change: Process, Social Construction. London : John Wiley & Son’s.

Macleod, ?. (2006). Management of Organizational Change: Leveraging Transformation. New York: Pearson Education .

Palmer, I. (2016). Managing Organizational Change: A Multiple Perspectives Approach. London : Cengage Learning .

Collier, P.M., 2015. Accounting For Managers: Interpreting Accounting Information. Londion.

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McNair-Connolly, C.J., 2012. New performance measurement and management.

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Venanzi, D., 2011. Financial Performance Measures and Value Creation. London.