Accounting Equity Ontology AccountingEquity.rdf Copyright (c) 2013-2014 EDM Council, Inc. Copyright (c) 2013-2014 Object Management Group, Inc. The http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Accounting/AccountingEquity.rdf version of this ontology was modified per the issue resolutions identified in the FIBO FND 1.0 FTF report and in http://www.omg.org/spec/EDMC-FIBO/FND/1.0/AboutFND-1.0/. The http://www.omg.org/spec/FIBO/Foundations/20130601/Accounting/AccountingEquity.owl version of the ontology was revised in advance of the September 2013 New Brunswick, NJ meeting, as follows: (1) to use slash style URI/IRIss (also called 303 URIs, vs. hash style) as required to support server side processing (2) to use version-independent IRIs for all definitions internally as opposed to version-specific IRIs (3) to change the file suffix from .owl to .rdf to increase usability in RDF tools (4) to use 4-level abbreviations and corresponding namespace prefixes for all FIBO ontologies, reflecting a family/specification/module/ontology structure (5) to incorporate changes to the specification metadata to support documentation at the family, specification, module, and ontology level, similar to the abbreviations. This ontology defines equity-related concepts for use in defining other FIBO ontology elements. These are based on basic accounting principles as they relate to equity, debt, assets and liabilities of a firm. Equity forms the basis for ownership of certain forms of corporate body. fibo-fnd-acc-aeq http://www.omg.org/spec/EDMC-FIBO/AboutTheEDMC-FIBOFamily/ http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Accounting/AccountingEquity.rdf http://www.omg.org/spec/EDMC-FIBO/FND/AboutFND/ http://www.omg.org/spec/EDMC-FIBO/FND/Accounting/AboutAccounting/ http://www.omg.org/spec/EDMC-FIBO/FND/Accounting/CurrencyAmount/ http://www.omg.org/spec/EDMC-FIBO/FND/Organizations/FormalOrganizations/ http://www.omg.org/spec/EDMC-FIBO/FND/OwnershipAndControl/Ownership/ http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/ http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/ http://www.omg.org/spec/FIBO/Foundations/20130601/Accounting/AccountingEquity.owl http://www.omg.org/spec/ODM/ http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense http://www.w3.org/standards/techs/owl#w3c_all represents an interest in Equity always represents an interest in some business organization. This is the organization, company or venture in which the holder of the equity has a stake in by virtue of holding that equity takes form the form taken by some amount of money defined according to its purpose, such as capital or equity capital Financial capital is in the form of capital assets, traded in financial markets. Its market value is not based on the historical accumulation of money invested but on the perception by the market of its expected revenues and of the risk entailed. financial capital, which represents obligations, and is liquidated as money for trade, and owned by legal entities http://en.wikipedia.org/wiki/Capital_(economics) capital surplus Capital surplus is a term that frequently appears as a balance sheet item as a component of shareholders equity. Capital surplus is that amount which a firm raises in excess of the par value (nominal value) of the shares (common stock). additional paid in capital capital surplus http://en.wikipedia.org/wiki/Additional_paid_in_capital equity 1 http://en.wikipedia.org/wiki/Equity the value of an ownership interest in property, including shareholders equity in a business financial asset An asset consisting of one or more financial instruments, treated as an asset issued equity externally-held stockholders equity that may be transferred from one party to another owners equity Equity owned in the entity as recorded on the books of that entity. retained earnings If the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings. http://en.wikipedia.org/wiki/Retained_earnings the portion of net income which is retained by the corporation rather than distributed to its owners as dividends stockholders' equity When total assets are greater than total liabilities, stockholders have a positive equity (positive book value). Conversely, when total liabilities are greater than total assets, stockholders have a negative stockholders equity (negative book value, also sometimes called stockholders deficit. equity held in an entity by stockholders http://en.wikipedia.org/wiki/Retained_earnings paid in capital, donated capital, and retained earnings less the liabilities of a corporation (Barron's)