Knowledge management via ontology development in accounting

Abstract

PurposeThis paper seeks to develop an ontological approach, in order to make it possible to share a common understanding of accounting theory, in this case, the specific structure of the profit and loss account among people or software agents.Design/methodology/approachThis paper presents an ontology methodology (the Net technique) which represents a semi‐structured element in the domain knowledge of accounting. More specifically, ontology will be used to explain the profit and loss account as a representation of the potential use of this methodology.FindingsTo support ontology effectively, a strong accounting information support system in the organization is necessary. The ontology may be used by employees to navigate the information repository of an organization for the effective coordination. In addition, it might be possible for the WWW to be used to generate data, information and knowledge in the accounting domain.Practical implicationsSoftware agents could extract and aggregate accounting information from numerous web sites, which in turn might answer research questions or be used as input data for other applications.Originality/valueThe development of ontology expands the researcher's ability to generate information by using search methods beyond simple keywords. If only keywords are used in internet searches, then information that is retrieved will often lack the precision necessary for generating quality information. Therefore, in order to retrieve quality information more quickly and accurately, a broader and more extensive ontology development is required.

Knowledge Management ERP Curriculum Design/Mapping (Theory and Development Tools)

“…Ontology can take the role to structure KM rather than implement it on an ad‐hoc basis. A properly designed ontological framework can organize the academic semantics and learning objects into an appropriate structure, which should exhibit cause and effect (Chou, Vassar, & Lin, 2008).…”

Methodological Framework for Knowledge Capitalization in Accounting and Financial Area

“…Literature reveals various attempts to produce domain ontology for accounting by using semantic modelling: Teller (2008) provided a formal representation of accounting standards (IFRS), Chou et al (2008) proposed a knowledge management approach in accounting via ontology development and Anica-Popa (2010) analysed the possibility of capitalization of knowledge in financial and accounting area.…”

The joint effects of organisational leadership and learning factors of professional intellects in sharing knowledge and innovation

“…There are also many descriptions of KM processes and none of them has gained common acceptance as yet (Edwards et al, 2005;Chou et al, 2008). Edwards et al (2005) However, this study will look into the performance outcomes of knowledge sharing process among professional intellects, i.e., public sector accountants from the scope of sharing performance of explicit and tacit knowledge.…”