- Chris Partridge ORCID:orcid.org/0000-0003-2631-162718,20,
- Mesbah Khan ORCID:orcid.org/0000-0002-1327-626319,
- Sergio de Cesare ORCID:orcid.org/0000-0002-2559-056720,
- Frederik Gailly ORCID:orcid.org/0000-0003-0481-974521,
- Michael Verdonck ORCID:orcid.org/0000-0002-1927-315121 &
- …
- Andrew Mitchell ORCID:orcid.org/0000-0001-9131-722X18
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Abstract
Double entry bookkeeping lies at the core of modern accounting. It is shaped by a fundamental conceptual pattern; a design decision that was popularised by Pacioli some 500 years ago and subsequently institutionalised into accounting practice and systems. Debits and credits are core components of this conceptual pattern. This paper suggests that a different conceptual pattern, one that does not have debits and credits as its components, may be more suited to some modern accounting information systems. It makes the case by looking at two conceptual design choices that permeate the Pacioli pattern; de se and directional terms - leading to a de se directional conceptual pattern. It suggests alternative design choices - de re and non-directional terms, leading to a de re non-directional conceptual pattern - have some advantages in modern complex, computer-based, business environments.
Miss Dorothy Brown: You’re a modern! Millie Dillmount: Thoroughly!
Thoroughly Modern Millie (1967)
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BORO Solutions Ltd., London, UK
Chris Partridge & Andrew Mitchell
OntoLedgy Ltd., London, UK
Mesbah Khan
University of Westminster, London, UK
Chris Partridge & Sergio de Cesare
Faculty of Economics and Business Administration, Ghent University, Ghent, Belgium
Frederik Gailly & Michael Verdonck
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Editors and Affiliations
University of British Columbia, Vancouver, BC, Canada
Carson Woo
University of Helsinki, Helsinki, Finland
Jiaheng Lu
Northwestern Polytechnical University, Xian, China
Zhanhuai Li
Department of Computer Science, National University of Singapore, Singapore, Singapore
Tok Wang Ling
Department of Computer Science and Technology, Tsinghua University, Beijing, Beijing, China
Guoliang Li
National University of Singapore, Singapore, Singapore
Mong Li Lee
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Partridge, C., Khan, M., de Cesare, S., Gailly, F., Verdonck, M., Mitchell, A. (2018). Thoroughly Modern Accounting: Shifting to a De Re Conceptual Pattern for Debits and Credits. In: Woo, C., Lu, J., Li, Z., Ling, T., Li, G., Lee, M. (eds) Advances in Conceptual Modeling. ER 2018. Lecture Notes in Computer Science(), vol 11158. Springer, Cham. https://doi.org/10.1007/978-3-030-01391-2_20
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