EDMC-FIBO/FND 1.1 RTF Avatar
  1. OMG Issue

FIBOFND11 — Resolve issues with Monetary Amount and Amount of Money

  • Key: FIBOFND11-44
  • Status: closed  
  • Source: Thematix Partners LLC ( Elisa Kendall)
  • Summary:

    There is a disagreement in the FIBO LOANS working group for what to use for LoanAmount, PropertyValuationAmount, and other types of concepts usually based on a measure of currency. This is caused by confusing definitions of MonetaryAmount and MoneyAmount. This confusion should be resolved so that FIBO users know what concept to use for what purpose.

  • Reported: EDMC-FIBO/FND 1.0 — Fri, 12 Feb 2016 21:42 GMT
  • Disposition: Resolved — EDMC-FIBO/FND 1.1
  • Disposition Summary:

    Resolve issues with Monetary Amount and Amount of Money

    There is a disagreement in the FIBO LOANS working group for what to use for LoanAmount, PropertyValuationAmount, and other types of concepts usually based on a measure of currency. This is caused by confusing definitions of MonetaryAmount and MoneyAmount. This confusion should be resolved so that FIBO users know what concept to use for what purpose.

    This issue affects sections 10.12.1, Ontology: AccountingEquity, and 10.12.2, Ontology: Currency Amount. It requires that the revisions identified in resolutions to issues FIBOFND11-10 and FIBOFND11-20, which revise the Currency Amount ontology, have already been applied.

  • Updated: Tue, 12 Jul 2016 14:46 GMT
  • Attachments: