Abstract
This study proposed an ontological EPA model (Event, Principle and Account) for describing accounting principles using a reusable knowledge component. The essential characteristics of the model include: (1) based on traditional accounting definitions for typical accounts ( A ) and business events ( E ), where the ontological properties of A and E can be identified. These characteristics can be further used to create a knowledge hierarchy for both A and E ; (2) identifies the element P (accounting principle), which in turn can be used to measure the economic effects of events on accounts; (3) creates a relationship between E – P , which identifies how to adopt suitable principles for classifying events; and (4) the inferential ( E – P )– A relationship, which identifies the effect of a classified event on resources (or accounts). Following typical knowledge engineering processes, hierarchical knowledge of accounting principles can be represented, stored and reused. EPA examples are demonstrated using OWL-based ontology. This study claims that the knowledge framework developed in EPA can provide a basis for full accounting knowledge creation, storage and sharing.
Original language | American English |
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Journal | Expert Systems With Applications |
Volume | 37 |
DOIs | |
State | Published - Mar 2010 |
Keywords
- Accounting principle
- EPA model
- Knowledge framework
- Ontology
Disciplines
- Computer Sciences
- Management Sciences and Quantitative Methods
- Library and Information Science