Towards a Core Ontology of Economic Exchanges for Multilateral Accounting Information Systems

Abstract

Enterprises collaborate in government-regulated markets by developing and realizing exchange relationships. However, current Accounting Information Systems (AIS) are organized in an enterprise-centric way. We introduce the Multilateral AIS (MAIS) perspective on top of the Bilateral (Shared Ledger) and Unilateral Enterprise-Specific perspectives for Corporate Reporting. We reconsider our previous conceptualization in the OntoUML language of the Economic Exchange lifecycle in Bilateral AIS from an Economic System and Market perspective. We identify requirements for existing accounting framework improvement in MAIS. An online platform case is provided as an illustration.