Semantic ontologies and financial reporting: An application of the FIBO

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dc.contributor.authorBrowne, Oliver
dc.contributor.authorKrdzavac, Nenad
dc.contributor.authorO'Reilly, Philip
dc.contributor.authorHutchinson, Mark
dc.contributor.funderState Street Corporation, United Statesen
dc.date.accessioned2021-09-13T15:20:56Z
dc.date.available2021-09-13T15:20:56Z
dc.date.issued2017
dc.description.abstractThis paper illustrates the application of a developed global fund reporting ontology (GFRO) for efficient financial reporting. The GFRO extends Financial Industry Business Ontology (FIBO). Existing reporting financial information systems lack the ability to integrate data from heterogenic sources and provide unified and consistent financial reports that will comply with regulations. This study reveals that by integrating the power of XSLT and Semantic Web technologies, operationalised through the development of a scalable working prototype, allows financial services industry experts to build more flexible and consistent reports. Our research shows that the consistency of financial reports can be dramatically improved by using an appropriate inference engine.en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationBrowne, O., Krdzavac, N., O'Reilly, P. and Hutchinson, M. (2017) 'Semantic ontologies and financial reporting: An application of the FIBO', Proceedings of the Joint Ontology Workshops 2017, Episode 3: The Tyrolean Autumn of Ontology, Bozen-Bolzano, Italy, September 21–23, pp. 1-4. Available at: http://ceur-ws.org/Vol-2050/FOMI_paper_1.pdf (Accessed: 13 September 2021)en
dc.identifier.endpage4en
dc.identifier.issn1613-0073
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/11893
dc.identifier.volume2050en
dc.language.isoenen
dc.publisherRWTH Aachen Universityen
dc.relation.urihttp://ceur-ws.org/Vol-2050/FOMI_paper_1.pdf
dc.rights© 2017, the Authors.en
dc.subjectOntologiesen
dc.subjectFIBOen
dc.subjectFinancial reportingen
dc.subjectInformation systemsen
dc.subjectReasoningen
dc.titleSemantic ontologies and financial reporting: An application of the FIBOen
dc.typeConference itemen
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