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The OntoREA© Accounting and Finance Model: A Retroactive DSRM Demonstration Evaluation

Abstract : Derivative instruments have special characteristics that make them difficult to understand and to handle in financial instrument accounting. In the OntoREA© Accounting and Finance Model [1] such instruments are conceptualized and integrated into the REAC Business Ontology [2] as well as the OntoREA Accounting Model [3]. But the OntoREA© model is developed at a very abstract level so that no real cases are used for demonstration and evaluation. This shortcoming is addressed in this article by demonstrating and evaluating the Collective conceptualization of derivative instruments in OntoREA© from a retroactive design science methodological (DSRM) [4] perspective within the model driven software development (MDD) context. Along the model transformations in this context the OntoREA© model serves as platform independent (PIM) model. For demonstration purposes its direct translation into a platform specific (PSM) as well as an implementation specific (ISM) model are demonstrated for a real derivative instrument. The evaluation shows that the requirements of derivative instruments are met adequately.
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Christian Fischer-Pauzenberger, Walter Schwaiger. The OntoREA© Accounting and Finance Model: A Retroactive DSRM Demonstration Evaluation. 10th IFIP Working Conference on The Practice of Enterprise Modeling (PoEM), Nov 2017, Leuven, Belgium. pp.81-95, ⟨10.1007/978-3-319-70241-4_6⟩. ⟨hal-01765260⟩

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