Article

Ontologies and Enterprise’s Information Modelling

Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi : Economic Sciences Series 01/2006;
Source: DOAJ

ABSTRACT This paper is designed to familiarize with the new fundamental concepts related to enterprise’s information modelling: ontology and REA model. The ontology require a new approach in accounting information systems because of limitation of existing systems on knowledge sharing and knowledge reuse, which makes the design and implementation of new systems time consuming and expensive. An important requirement for knowledge sharing and reuse is the existence of a common semantic infrastructure introduced by the REA (Resources-Events-Agents) model, originally proposed by McCarthy (1982) as a way to overcome limitations inherent in the traditional Double-Entry bookkeeping model, documented by Luca Paciolo in 1494.

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Keywords

common semantic infrastructure
 
documented
 
enterprise’s information modelling
 
knowledge reuse
 
knowledge sharing
 
limitations inherent
 
McCarthy
 
new fundamental concepts
 
new systems time
 
ontology
 
REA
 
REA model
 
traditional Double-Entry bookkeeping model