EDMC-FIBO/FND 1.0b2 FTF Avatar
  1. OMG Issue

FIBOFTF — Where to stop

  • Key: FIBOFTF-66
  • Status: closed  
  • Source: EDM Council ( Dennis Wisnosky)
  • Summary:

    First_Name: David
    Last_Name: vun Kannon
    Email: dvunkannon@hotmail.com
    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
  • Disposition Summary:

    agreed

  • Updated: Fri, 6 Mar 2015 20:58 GMT