Towards a reference ontology of complex economic exchanges for Accounting Information Systems

Ivar Blums, Hans Weigand

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

Abstract

Although the field of Accounting Information Systems (AIS) has a long tradition, there is still a lack of a widely adopted conceptualization. The Unified Foundational Ontology (UFO) and its Services sub- ontology (UFO-S) are regarded as grounding the engineering of a reference ontology for AIS. The new International Accounting Standards Board Conceptual Framework for Financial Reporting is used as a main source of the domain knowledge, and a reference ontology of complex economic exchanges (EXP) for AIS is proposed. EXP includes offered, agreed, partial, realization, and settlement economic exchange conceptual models. The economic exchanges affect enterprise economic resources and claims against the enterprise that are represented by economic relators including offerings, agreements, (unconditional, in process and residual) obligations and property rights. The model is an important step towards the development of a Core ontology for AIS.
Original languageEnglish
Title of host publication20th IEEE International Enterprise Distributed Object Computing Conference (EDOC 2016)
EditorsFlores Matthes, Jan Mendling, Stefanie Rinderle-Ma
Place of PublicationVienna
PublisherIEEE
Pages1-10
Number of pages10
ISBN (Electronic)9781467398855
DOIs
Publication statusPublished - Sep 2016
Event20th IEEE International Enterprise Distributed Object Computing Conference (EDOC 2016) - Vienna, Austria
Duration: 5 Sep 20169 Sep 2016

Conference

Conference20th IEEE International Enterprise Distributed Object Computing Conference (EDOC 2016)
Abbreviated titleEDOC 2016
CountryAustria
CityVienna
Period5/09/169/09/16

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Keywords

  • economics
  • ontologies
  • standards
  • biological system modeling
  • law
  • unified modeling language

Cite this

Blums, I., & Weigand, H. (2016). Towards a reference ontology of complex economic exchanges for Accounting Information Systems. In F. Matthes, J. Mendling, & S. Rinderle-Ma (Eds.), 20th IEEE International Enterprise Distributed Object Computing Conference (EDOC 2016) (pp. 1-10). Vienna: IEEE. https://doi.org/10.1109/EDOC.2016.7579388