Reconciling, CM, DCA, REA, SBRM, XBRL, and a Few Other Odds-and-Ends
Just as I am reconciling three approaches to representing a conceptualization of a business report; I am also endeavoring to reconcile several other "inputs" related to accounting, reporting, auditing, and analysis. Here is an inventory of these different inputs:
- Seattle Method Conceptual Model of a Business Report
- ISO/IEC Accounting and Economic Ontology
- Data Centric Accounting (DCA) which was created by Semantic Arts, Dave McComb, and Cheryl Dunn and documented in The Future of Accounting
- Resources, Events, Agents (REA) which was created by Bill McCarthy and documented in The REA Accounting Model as an Accounting and Economic Ontology, published by the American Accounting Association and written by William E. McCarthy, Guido L. Geerts, and Graham Gal.
- Events which is other information related to business events which I have run across.
- XBRL International's Open Information Model (OIM)
- OMG's Standard Business Report Model (SBRM)
- Seattle Method's Reference Reporting Frameworks
- Seattle Method's Showcase of Capabilities
- Accounting, the Language of Business
- Logical Theory Describing Double Entry Bookkeeping
- Logical Theory Describing Accounting and Audit Working Papers
- Logical Theory Describing Financial Report
- Financial Statement Mechanics and Dynamics
- Wikidata, Accounting Equation
Why am I doing this? Well, all these things are tied together. However, many of these things are being created in silos. Much of the terminology is consistent, but there is work to be done to improve the consistency. I am going to create a working proof of concept represented using the global open industry standard XBRL that ties all these things together. It just makes a lot of sense.
The ultimate objective is to create the next version of this MINI 2025 Financial Reporting Framework working proof of concept that ties (links) everything together in both directions.
Additional Information:

Comments
Post a Comment