Source: EDM Council ( Dennis Wisnosky)
Last_Name: vun Kannon
Company: Rational Exuberance
The Accounting module is a good example of the question of knowing where to stop in a foundational ontology. Why define Retained Earnings but not Minority Interest? Why an Accounting module but not an Audit module? The answers to these questions are either absent or not well justified.
Similarly, there is an Organizations module, though everything in the module is generic and not specific to the financial services industry. Why, therefore, does it exist? If it does exist, why does it not contain financial industry concepts such as Exchange or Market?
Asset appears in two modules, Ownership and Accounting. The relationship is not made clear. A number of (IMHO) fundamental concepts are not represented anywhere that I could easily see ñ Risk, Loss, Price and Value. I think these are worthy of inclusion.
Reported: EDMC-FIBO/FND 1.0b1 — Mon, 7 Apr 2014 20:38 GMT
Disposition: Closed; No Change — EDMC-FIBO/FND 1.0b2
Updated: Fri, 6 Mar 2015 20:58 GMT