A petri net specification of the REA business ontology

Hans Weigand, Paul Johannesson, B. Andersson

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

Current auditing procedures struggle with the incorporation of new data-driven techniques such as Process Mining. Although Process Mining has been applied experimentally on micro-level workflow processes, it is not so easy to apply on the level of the value cycle that is at the core of accounting databases. A more general problem is that the new smart approaches lack a well-developed accounting ontology. The REA business ontology does offer such an ontology but so far, its main focus has been on accounting database design. In this paper, a Petri Net specification of REA is proposed for ontology-based process analysis. This specification makes it possible to express more than the traditional static specification. The paper also describes how REA Petri Nets can be developed using Process Mining and how they can be applied in a Continuous Auditing framework.
Original languageEnglish
Title of host publicationProceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016)
EditorsSergio Espana, Mirjana Ivanovic, Milos Savic
Place of PublicationLjubljana
PublisherCEUR
Pages49-56
Volume1612
Publication statusPublished - Jun 2016
EventForum at the 28th International Conference on Advanced Information Systems Engineering - Ljubljana, Slovenia
Duration: 13 Jun 201617 Jun 2016

Conference

ConferenceForum at the 28th International Conference on Advanced Information Systems Engineering
Abbreviated titleCAiSE 2016
CountrySlovenia
CityLjubljana
Period13/06/1617/06/16

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Petri nets
Ontology
Specifications
Industry

Keywords

  • REA business ontology
  • continuous auditing
  • process mining
  • coloured petri net

Cite this

Weigand, H., Johannesson, P., & Andersson, B. (2016). A petri net specification of the REA business ontology. In S. Espana, M. Ivanovic, & M. Savic (Eds.), Proceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016) (Vol. 1612, pp. 49-56). [7] Ljubljana: CEUR.
Weigand, Hans ; Johannesson, Paul ; Andersson, B. / A petri net specification of the REA business ontology. Proceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016). editor / Sergio Espana ; Mirjana Ivanovic ; Milos Savic. Vol. 1612 Ljubljana : CEUR, 2016. pp. 49-56
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title = "A petri net specification of the REA business ontology",
abstract = "Current auditing procedures struggle with the incorporation of new data-driven techniques such as Process Mining. Although Process Mining has been applied experimentally on micro-level workflow processes, it is not so easy to apply on the level of the value cycle that is at the core of accounting databases. A more general problem is that the new smart approaches lack a well-developed accounting ontology. The REA business ontology does offer such an ontology but so far, its main focus has been on accounting database design. In this paper, a Petri Net specification of REA is proposed for ontology-based process analysis. This specification makes it possible to express more than the traditional static specification. The paper also describes how REA Petri Nets can be developed using Process Mining and how they can be applied in a Continuous Auditing framework.",
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Weigand, H, Johannesson, P & Andersson, B 2016, A petri net specification of the REA business ontology. in S Espana, M Ivanovic & M Savic (eds), Proceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016). vol. 1612, 7, CEUR, Ljubljana, pp. 49-56, Forum at the 28th International Conference on Advanced Information Systems Engineering, Ljubljana, Slovenia, 13/06/16.

A petri net specification of the REA business ontology. / Weigand, Hans; Johannesson, Paul ; Andersson, B.

Proceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016). ed. / Sergio Espana; Mirjana Ivanovic; Milos Savic. Vol. 1612 Ljubljana : CEUR, 2016. p. 49-56 7.

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

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Weigand H, Johannesson P, Andersson B. A petri net specification of the REA business ontology. In Espana S, Ivanovic M, Savic M, editors, Proceedings of the CAiSE'16 Forum at the 28th International Conference on Advanced Information Systems Engineering (CAiSE 2016). Vol. 1612. Ljubljana: CEUR. 2016. p. 49-56. 7