Accounting Information Systems , 4 th . Ed . REA Approach

Accounting Information Systems , 4 th . Ed . The Conversion Cycle

Financial Information Systems: Teaching REA semantics within an Information Engineering framework

The purpose of this paper is to describe how the accounting REA model can be incorporated into the Information Engineering set of methodologies in the Accounting or Financial Information Systems classroom. We contrast the traditional Information Engineering approach with one that includes REA modeling. We argue that the REA model is an interaction model, and that its use enables accounting stud...

Augmented Intensional Reasoning in Knowledge-Based Accounting Systems

A limitation of existing accounting systems is their lack of knowledge sharing and knowledge reuse, which makes the design and implementation of new accounting systems time consuming and expensive. An important requirement for knowledge sharing and reuse is the existence of a common semantic infrastructure. In this article we use McCarthy’s (1982) Resource-Event-Agent (REA) model as a common se...

REA Business Management Ontology: Conceptual Modeling of Accounting, Finance and Management Control

Geerts and McCarthy [5, 6] established the REA business ontology. In its accounting and policy infrastructure the informational and procedural elements which are needed for accounting and management purposes are specified. An investigation of the requirements in the disciplines of accounting, finance and management control shows that the ontology is not complete. By including the concepts of ac...

The Sociology of Enterprise, Accounting and Budget Rules: Implications for Organizational Theory

The sociology of organizations has ignored the evolution of and variation in enterprise rules, budget sys. terns and accounting rules. This paper takes a broad approach to accounting rules, arguing that they are related to large variations in enterprise forms and in industry problen~s. The rule making and enforcement apparatus of modern society is described. Both external and internal aspects o...