Currency Amount Ontology Copyright (c) 2013-2014 EDM Council, Inc. Copyright (c) 2013-2014 Object Management Group, Inc. CurrencyAmount.rdf The http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Accounting/CurrencyAmount.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/CurrencyAmount.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 monetary amount related concepts for use in defining other FIBO ontology elements. There are two distinct kinds of concepts that correspond to money and amounts: a concrete, actual amount of money, and the monetary measure of something denominated in some currency. These are dimensionally the same but whereas "money amount" is defined as an amount of money, "monetary amount" is an abstract monetary measure. This ontology also defines related terms such as currency. fibo-fnd-acc-cur http://www.omg.org/spec/EDMC-FIBO/AboutTheEDMC-FIBOFamily/ http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Accounting/CurrencyAmount.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/Places/Locations/ 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/EDMC-FIBO/FND/Utilities/BusinessFacingTypes/ http://www.omg.org/spec/FIBO/Foundations/20130601/Accounting/CurrencyAmount.owl http://www.omg.org/spec/ODM/ http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense http://www.w3.org/standards/techs/owl#w3c_all has base money unit the currency in which the money amount is denominated has currency the currency in which the monetary amount is defined has notional amount The domain for this property should be interpreted as being an abstraction which covers various forms of commitment, which may set out the existence of some notional amount of money, specified via this property. This is left unspecified for now, so that the property can also be defined directly as being a property of some contractual term which describes that commitment. has a notional value expressed as some monetary amount, that is a number and a currency in which that number is denominated is tender in Commonly referred to also as legal tender, however this definition does not hold literally in some countries e.g. Scotland. a region or country in which the currency is exchangeable for goods and services has amount If the term ‘Quantity’ is added to these ontologies in the future then that must be made the domain of this property – moving the property to Analytics or to Quantities as necessary at that time. The domain for this property should be read as being the term ‘Quantity’ which is in the informative conceptual ontologies. a total number or quantity currency Codes for the representation of currencies and funds, ISO 4217, Sixth edition, 2001-08-15, section 3.1. This class may be augmented with actual currency code information as specified in ISO 4217 in a subsequent release of this ontology. medium of exchange value, defined by reference to the geographical location of the authorities responsible for it monetary amount This is an abstract concept, not to be confused with a sum of money (Money Amount). the measure which is an amount of money specified in monetary units monetary measure This may be a measure expressed in terms of decimal plus currency, or it may be a measure expressed in terms of a percentage amount with reference to some other monetary amount or to some Money Amount (actual amount of money). some measure of some sum of money money amount This is an actual sum of money, not the measure of a sum of money in monetary units, although it has the same basic properties (decimal number with a currenct unit). Update 14 June 2011: Renamed from "Monetary Amount" to "Money Amount" to make this perhaps clearer. This term here should not be the Referenceable Archetype used to denote monetary amounts as a measure. ACTION: Across the model, all references to "Money Amount" (which was called 'Monetary Amount' when these were entered), so be the abstract quantity "Monetary Amount". a sum of money percentage monetary amount This will have a relationship to what it is a percentage of. Alternatively and for some applications of this term, there may be an enumerated list of possible things it is a percentage of. a measure of some amount of money expressed as a percentage of some other amount, some notional amount or some concrete money amount