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The Role of Ontologies for Designing Accounting Information Systems

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Academic year: 2017

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Figure 1.   Basic REA ontology
Figure 2 shows the model in its basic forms [McCarthy, 1982] as it exists from perspective of a  business entrepreneur
Figure 3 shows how the REA maps to the frameworks for these two technologies by defining an  enterprise value chain and a business process
Figure 4.   The REA ontology with commitments, contracts and agreements

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