What is a model, anyway:
A model is a simplified representation used to explain the workings of a real world system or event
Does object oriented programming allow you to model the real world?
Definitely YES
It is almost impossible to model the system to exactly match the real world.
Do I always have to model the software exactly after the real world?
NO
Having said that you can model everything doesn't mean you have to model everything. In fact, the essence of useful modeling is to present a simplified representation. How much simplification is sufficient to express the current business need, and what needs to be omitted, is a fine balance between using the technique successfully vs. getting lost with it or not using it at all.
There are of course entities that doesn't exists really, but only through the modeling we can actually conceptualize well.