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C. Fischer-Pauzenberger, W.S.A. Schwaiger:
"The OntoREA© Accounting and Finance Model: Ontological Conceptualization of the Accounting and Finance Domain";
in: "Conceptual Modeling. ER 2017. Lecture Notes in Computer Science, vol 10650.", Springer International Publishing AG, Cham, 2017, ISBN: 978-3-319-69903-5, 506 - 519.

Geerts and McCarthy [1, 2] extended McCarthy´s [3] Resource-Event-Agent (REA) accounting model with a forward-looking perspective by including commitments and economic contracts. Schwaiger [4] investigated the extended REA accounting model with respect to accounting and finance requirements and developed the REA-based Asset-Liability-Equity (ALE) accounting model. Due to the ontological neutrality of UML class diagrams [5], financial instruments are not concisely conceptualized. This holds true especially for derivative instruments which have very special temporal modal and identity-related peculiarities. For modeling them the OntoUML language developed by Guizzardi [6] provides a solid foundation. In this article ontological meta-properties of OntoUML are used to specify these peculiarities and to derive the OntoREA© Accounting and Finance Model, which constitutes a valid ontology-based conceptualization of the accounting and finance domain. This model should be beneficial especially for business analysts who have to understand and develop conceptual models for up-to-date enterprise and accounting information systems.

Accounting Finance REA accounting model OntoUML Unified Foundational Ontology Ontology-driven conceptual modeling Design patterns

http://dx.doi.org/10.1007/978-3-319-69904-2_38