A new foundation for accounting:

Steps towards the development of a reference ontology for accounting

This paper firstly reviews the need for a radical shift in the foundations and framework of accounting’s conceptual scheme. It, secondly, proposes that the foundations of the new scheme should be a reference ontology. It outlines a process – ontological analysis – for building this and illustrates how it will work with some examples.


LOA (LADSEB-CNR), Technical Report 23/02, December 2002, Padova, Italy


Chris Partridge (BORO Solutions, LOA)