Conceptualizing resources and claims in consensual economic exchanges

Ivar Blums, Hans Weigand, Aleksandrs Blums

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

Abstract

The Core Ontology for Financial Reporting Information Systems (COFRIS) is grounded on Unified Foundational Ontology (UFO). In this paper, we build on COFRIS and attempt to detail the concepts of Economic Resources and Claims found in accounting frameworks, and to extract their features which are common to accounting and reporting standards. Economic Resources (Claims) are conceptualized as extensions of Complex Social and Legal Relators of UFO, within the consensual transaction-centric model. The application of this conceptualization and COFRIS in general aims to assist with standard-setting and the development of information systems, to facilitate understandability and reuse. The conceptualization is illustrated by examples presented in an ontology-inspired Event Table and is used to analyze the revised IASB® Conceptual Framework for Financial Reporting.
Original languageEnglish
Title of host publicationProceedings of the Joint Ontology Workshops 2018
Subtitle of host publicationEpisode IV: The South African Spring
EditorsLudger Jansen
Place of PublicationTrier
PublisherCEUR
Pages1-15
Volume2205
ISBN (Electronic)1613-0073
Publication statusPublished - Sep 2018

Fingerprint

Resources
Economic exchange
Ontology
Financial reporting
Information systems
Conceptualization
Economic resources
Conceptual framework
Reuse
International Accounting Standards Board

Cite this

Blums, I., Weigand, H., & Blums, A. (2018). Conceptualizing resources and claims in consensual economic exchanges. In L. Jansen (Ed.), Proceedings of the Joint Ontology Workshops 2018: Episode IV: The South African Spring (Vol. 2205, pp. 1-15). Trier: CEUR.
Blums, Ivar ; Weigand, Hans ; Blums, Aleksandrs. / Conceptualizing resources and claims in consensual economic exchanges. Proceedings of the Joint Ontology Workshops 2018: Episode IV: The South African Spring. editor / Ludger Jansen. Vol. 2205 Trier : CEUR, 2018. pp. 1-15
@inproceedings{7e2851323c854d82b5697b7d5e9b3196,
title = "Conceptualizing resources and claims in consensual economic exchanges",
abstract = "The Core Ontology for Financial Reporting Information Systems (COFRIS) is grounded on Unified Foundational Ontology (UFO). In this paper, we build on COFRIS and attempt to detail the concepts of Economic Resources and Claims found in accounting frameworks, and to extract their features which are common to accounting and reporting standards. Economic Resources (Claims) are conceptualized as extensions of Complex Social and Legal Relators of UFO, within the consensual transaction-centric model. The application of this conceptualization and COFRIS in general aims to assist with standard-setting and the development of information systems, to facilitate understandability and reuse. The conceptualization is illustrated by examples presented in an ontology-inspired Event Table and is used to analyze the revised IASB{\circledR} Conceptual Framework for Financial Reporting.",
author = "Ivar Blums and Hans Weigand and Aleksandrs Blums",
note = "urn:nbn:de:0074-2205-7",
year = "2018",
month = "9",
language = "English",
volume = "2205",
pages = "1--15",
editor = "Ludger Jansen",
booktitle = "Proceedings of the Joint Ontology Workshops 2018",
publisher = "CEUR",

}

Blums, I, Weigand, H & Blums, A 2018, Conceptualizing resources and claims in consensual economic exchanges. in L Jansen (ed.), Proceedings of the Joint Ontology Workshops 2018: Episode IV: The South African Spring. vol. 2205, CEUR, Trier, pp. 1-15.

Conceptualizing resources and claims in consensual economic exchanges. / Blums, Ivar; Weigand, Hans; Blums, Aleksandrs.

Proceedings of the Joint Ontology Workshops 2018: Episode IV: The South African Spring. ed. / Ludger Jansen. Vol. 2205 Trier : CEUR, 2018. p. 1-15.

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

TY - GEN

T1 - Conceptualizing resources and claims in consensual economic exchanges

AU - Blums, Ivar

AU - Weigand, Hans

AU - Blums, Aleksandrs

N1 - urn:nbn:de:0074-2205-7

PY - 2018/9

Y1 - 2018/9

N2 - The Core Ontology for Financial Reporting Information Systems (COFRIS) is grounded on Unified Foundational Ontology (UFO). In this paper, we build on COFRIS and attempt to detail the concepts of Economic Resources and Claims found in accounting frameworks, and to extract their features which are common to accounting and reporting standards. Economic Resources (Claims) are conceptualized as extensions of Complex Social and Legal Relators of UFO, within the consensual transaction-centric model. The application of this conceptualization and COFRIS in general aims to assist with standard-setting and the development of information systems, to facilitate understandability and reuse. The conceptualization is illustrated by examples presented in an ontology-inspired Event Table and is used to analyze the revised IASB® Conceptual Framework for Financial Reporting.

AB - The Core Ontology for Financial Reporting Information Systems (COFRIS) is grounded on Unified Foundational Ontology (UFO). In this paper, we build on COFRIS and attempt to detail the concepts of Economic Resources and Claims found in accounting frameworks, and to extract their features which are common to accounting and reporting standards. Economic Resources (Claims) are conceptualized as extensions of Complex Social and Legal Relators of UFO, within the consensual transaction-centric model. The application of this conceptualization and COFRIS in general aims to assist with standard-setting and the development of information systems, to facilitate understandability and reuse. The conceptualization is illustrated by examples presented in an ontology-inspired Event Table and is used to analyze the revised IASB® Conceptual Framework for Financial Reporting.

M3 - Conference contribution

VL - 2205

SP - 1

EP - 15

BT - Proceedings of the Joint Ontology Workshops 2018

A2 - Jansen, Ludger

PB - CEUR

CY - Trier

ER -

Blums I, Weigand H, Blums A. Conceptualizing resources and claims in consensual economic exchanges. In Jansen L, editor, Proceedings of the Joint Ontology Workshops 2018: Episode IV: The South African Spring. Vol. 2205. Trier: CEUR. 2018. p. 1-15