IFRS Financial Management: In the Light of the REA-Business Ontology

  • Problem: The three business administration domains ‚Accounting‘, Finance‘ und ‚Management Control‘ require quite special and somehow distinct ways of reasoning. This is why they are addressed, treated and handled quite often differently and distinct in the literature and in practice. But by using a resource-based and future-oriented modeling framework these differences can be considered in an integrated way, which promotes a comprehensive and aligned understanding.
  • Research Method: The ‚REA-Business Ontology‘ (Geerts/McCarthy) provides the resource-based and future-oriented model for economic reasoning, which allows a comprehensive understanding of the ‚Accounting‘, Finance‘ und ‚Management Control‘ domains and its conceptual modeling in the formal Unified Modeling Language (UML).
  • Contribution:
    • Schwaiger: Investition und Finanzierung 2020, ISBN: 9783903024311, TU Verlag.
    • Schwaiger: Kosten- und Leistungsrechnung 2020, ISBN: 9783903024328, TU Verlag.
    • Schwaiger: Financial Planning & Analysis (FP&A)-Management, Case Study Teaching (CST)-Vignette, Wien, 2022.