An International Meeting of the American Accounting Association American Accounting Association 2006 Annual Meeting August 6–9, 2006 Washington, D.C.

Kimberly Swanson Church
University of Arkansas - Fayetteville

Rod Smith
University of Arkansas - Fayetteville

Abstract: In this paper we propose an ontology-based dynamic enterprise model with application for enterprise planning. We use the resource-event-agent (REA) framework as an enterprise domain ontology from which we develop a systems dynamics model of enterprise processes. Such a model has broad application for enterprise planning, but we specifically describe how the model can be used in a managerial planning system to plan dynamic internal controls procedures. Systems dynamics have been extensively applied to business problems, but there is little evidence that any systems dynamic models of enterprise processes have been based on an established ontology. Our approach employs an established ontology, i.e., the REA framework, which facilitates reuse of and learning from these models in a variety of business contexts. We thus make a contribution to the design science literature.

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