Article
Developing ontology-based EPA for representing accounting principles in a reusable knowledge component
Expert Systems With Applications
(2010)
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 EPAcan provide a basis for full accounting knowledge creation, storage and sharing.
Keywords
- Accounting principle,
- EPA model,
- Knowledge framework,
- Ontology
Disciplines
Publication Date
March, 2010
DOI
10.1016/j.eswa.2009.07.058
Citation Information
Chi-Chun Chou and Yu-Liang Chi. "Developing ontology-based EPA for representing accounting principles in a reusable knowledge component" Expert Systems With Applications Vol. 37 Iss. 3 (2010) p. 2316 - 2323 Available at: http://works.bepress.com/chi-chun-chou/1/