Abstract
The paper addresses REA (Resource-Event-Agent) domain specific ontology that is primarily focused on value modeling in business processes. REA ontology which historically originates from accounting information systems, gradually developed to cover all areas where value modeling can be utilized. After a short introduction, a core REA pattern is introduced and analyzed from the view of its basic entities and the relationships between them. Next, additional crucial concepts of REA ontology and their relationships are gradually elucidated and analyzed from the view of DEMO (Design & Engineering Methodology for Organizations). The paper also describes the current definition of economic transaction that is used as a basis for REA state machine. The discussion and conclusion sections summarize and assess the pros and cons of REA ontology and propose a way forward for further research.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Gal, G., Geerts, Q., McCarthy, W.B.: The Ontological Foundation of REA Enterprise Information Systems. Presentation on VMBO Workshop Vien (2011), http://www.vmbo2011.ugent.be/VMBO2011/Program.html (cit. November 28, 2013)
Geerts, G.L., McCarthy, W.E.: The Ontological Foundations of REA Enterprise Information Systems. Paper presented at the Annual Meeting of the American Accounting Association, Philadelphia, PA (2000)
Geerts, G.L., McCarthy, W.E.: Policy-Level Specification in REA Enterprise Information Systems. Journal of Information Systems 20(2), 37–63 (2006)
Dietz, J.L.G.: Enterprise Ontology – Theory and Methodology. Springer (2006)
Dunn, C.L., Cherrington, O.J., Hollander, A.S.: Enterprise Information Systems: AÂ Pattern Based Approach. McGraw-Hill/Irwin, New York (2004)
Horiuchi, S., McCarthy, B.: An Ontology-based State Machine for Catalog Orders presentation on VMBO Vien (2011), http://www.vmbo2011.ugent.be/VMBO2011/Program.html (cit. November 12, 2013)
Hruby, P.: Model-Driven Design Using Business Patterns. Springer, Heidelberg (2006)
Huemer, C., Zapletal, M.: A State Machine executing UMM Business Transactions. In: DEST 2007 Inaugural IEEE-IES, pp. 57–62 (2007)
ISO/IEC FDIS 15944-4: 2007. Business transaction scenarios - Accounting and economic ontology (2007)
Martin, J., Odel, J.J.: Object-Oriented Methods: A Foundation, UML Edition, 2nd edn. Prentice Hall (1997)
McCarthy, W.E.: The REA Accounting Model: A Generalized Framework for Accounting Systems in A Shared Data Environment. The Accounting Review, 554–578 (July 1982)
Vandenbosche, P.E.A., Wortmann, J.C.: Why accounting data models from research are not incorporated in ERP systems. In: 2nd International REA Technology Workshop, Fira, Santorini Island, Greece (2006), http://www.itu.dk/people/hessellund/REA2006/papers/Proceedings.pdf (cit. July 23, 2011)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer International Publishing Switzerland
About this paper
Cite this paper
Hunka, F., Zacek, J. (2014). Detailed Analysis of REA Ontology. In: Aveiro, D., Tribolet, J., Gouveia, D. (eds) Advances in Enterprise Engineering VIII. EEWC 2014. Lecture Notes in Business Information Processing, vol 174. Springer, Cham. https://doi.org/10.1007/978-3-319-06505-2_5
Download citation
DOI: https://doi.org/10.1007/978-3-319-06505-2_5
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-06504-5
Online ISBN: 978-3-319-06505-2
eBook Packages: Computer ScienceComputer Science (R0)