Refining core ontologies through executable transformation

Formal ontologies can remedy the ambiguity of narrative financial standards, yet their static nature creates a gap between specification and implementation. This paper presents a framework that transforms static UFO/OntoUML models into interactive, executable artifacts, serving as a validation tool for modelers, a communication bridge for stakeholders, and an executable specification for developers. This framework uses a technology-neutral Event Specification Table (EST) to generate executable logic from ontological patterns, demonstrated with the IFRS 15 standard. Unlike operational platforms, the resulting "living model" is a validation instrument designed to test and communicate the behavioral semantics of complex standards, closing the loop between theory and practice for a more robust development process.