A financial reporting ontology for market, exchange, and enterprise shared information systems

Ivar Blums; Hans Weigand

doi:10.1007/978-3-030-35151-9_6

A financial reporting ontology for market, exchange, and enterprise shared information systems

Ivar Blums, Hans Weigand

Information Systems & Oper. Mgt.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

Abstract

Enterprises operate in markets by building and fulfilling exchange relationships. However, up to date accounting information systems are organized in an enterprise-specific way. We introduce the Market Information perspective on top of the Exchange (Shared Ledger) and Enterprise-Specific perspectives. The latter, developed earlier, are enhanced and the interplay with the Market perspective elaborated. First, we analyze how are Market related concepts of Offering, Contract, Resource, and Social Interaction represented in UFO ontologies and other ontologies. Second, we propose a Market perspective, and included Exchange, and Enterprise perspective conceptual model of a Shared Information System for Financial Reporting in OntoUML language, and third, we analyze the International Accounting Standards Board (IASB) Conceptual Framework and Standards for Financial Reporting to uncover construct deficit and overload in these Standards and Framework for usage in Shared Information Systems.

Original language	English
Title of host publication	Proceedings of the 12th IFIP Working Conference, PoEM 2019
Subtitle of host publication	The Practice of Enterprise Modeling
Editors	J. Gordijn, W. Guédria, H.A. Proper
Place of Publication	Cham
Publisher	Springer Verlag
Pages	83-99
ISBN (Print)	9783030351502
DOIs	https://doi.org/10.1007/978-3-030-35151-9_6
Publication status	Published - 2019

Publication series

Name	Lecture Notes in Business Information Processing
Volume	369

Keywords

accounting ontology
IFRS
UFO
COFRIS
Conceptual model

Access to Document

10.1007/978-3-030-35151-9_6

Cite this

Blums, I., & Weigand, H. (2019). A financial reporting ontology for market, exchange, and enterprise shared information systems. In J. Gordijn, W. Guédria, & H. A. Proper (Eds.), Proceedings of the 12th IFIP Working Conference, PoEM 2019: The Practice of Enterprise Modeling (pp. 83-99). (Lecture Notes in Business Information Processing; Vol. 369). Springer Verlag. https://doi.org/10.1007/978-3-030-35151-9_6

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Blums, I & Weigand, H 2019, A financial reporting ontology for market, exchange, and enterprise shared information systems. in J Gordijn, W Guédria & HA Proper (eds), Proceedings of the 12th IFIP Working Conference, PoEM 2019: The Practice of Enterprise Modeling. Lecture Notes in Business Information Processing, vol. 369, Springer Verlag, Cham, pp. 83-99. https://doi.org/10.1007/978-3-030-35151-9_6

A financial reporting ontology for market, exchange, and enterprise shared information systems. / Blums, Ivar; Weigand, Hans.
Proceedings of the 12th IFIP Working Conference, PoEM 2019: The Practice of Enterprise Modeling. ed. / J. Gordijn; W. Guédria; H.A. Proper. Cham: Springer Verlag, 2019. p. 83-99 (Lecture Notes in Business Information Processing; Vol. 369).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

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AB - Enterprises operate in markets by building and fulfilling exchange relationships. However, up to date accounting information systems are organized in an enterprise-specific way. We introduce the Market Information perspective on top of the Exchange (Shared Ledger) and Enterprise-Specific perspectives. The latter, developed earlier, are enhanced and the interplay with the Market perspective elaborated. First, we analyze how are Market related concepts of Offering, Contract, Resource, and Social Interaction represented in UFO ontologies and other ontologies. Second, we propose a Market perspective, and included Exchange, and Enterprise perspective conceptual model of a Shared Information System for Financial Reporting in OntoUML language, and third, we analyze the International Accounting Standards Board (IASB) Conceptual Framework and Standards for Financial Reporting to uncover construct deficit and overload in these Standards and Framework for usage in Shared Information Systems.

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Blums I, Weigand H. A financial reporting ontology for market, exchange, and enterprise shared information systems. In Gordijn J, Guédria W, Proper HA, editors, Proceedings of the 12th IFIP Working Conference, PoEM 2019: The Practice of Enterprise Modeling. Cham: Springer Verlag. 2019. p. 83-99. (Lecture Notes in Business Information Processing). doi: 10.1007/978-3-030-35151-9_6

A financial reporting ontology for market, exchange, and enterprise shared information systems

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Keywords

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