A comparison of different approaches to modeling financial statements

Gespeichert in:

Bibliographische Detailangaben
Zeitschriftentitel:	Corporate Ownership and Control
Personen und Körperschaften:	O’Farrell, Grace, Liu, Chunhui
In:	Corporate Ownership and Control, 14, 2016, 1, S. 314-320
Format:	E-Article
Sprache:	Englisch
veröffentlicht:	Virtus Interpress
Schlagwörter:	General Business, Management and Accounting

Details
Zusammenfassung:	<jats:p>This paper describes the relational, entity-relationship (ER), and object-based approaches to modeling financial statements; and discusses the strengths, weaknesses, and user adaptability of these models. We believe that the relational, ER, and object-oriented models may not be individually adequate to model the accounting processes in an integrative accounting information system. The increasing amount of disclosures in the footnotes to the financial statements and the complex compliance requirements of the Sarbanes-Oxley Act suggest that the object-relational model may be appropriate to model both the quantitative and qualitative items in the accounting processes. The object-relational model builds on the strengths of the relational, ER, and object-oriented models and mitigates the weaknesses of these models. We develop a set of propositions based on our review of the current literature on the conceptual models.</jats:p>
Umfang:	314-320
ISSN:	1810-3057 1727-9232
DOI:	10.22495/cocv14i1c2p3