Thoroughly Modern Accounting: Shifting to a De Re Conceptual Pattern for Debits and Credits

Chris Partridge, Mesbah Khan, Sergio de Cesare, Frederik Gailly, Michael Verdonck and Andrew Mitchell 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. and Lee M. (ed.) Advances in Conceptual Modeling. ER 2018 Springer. pp. 134-148

Chapter titleThoroughly Modern Accounting: Shifting to a De Re Conceptual Pattern for Debits and Credits
AuthorsChris Partridge, Mesbah Khan, Sergio de Cesare, Frederik Gailly, Michael Verdonck and Andrew Mitchell
EditorsWoo C., Lu J., Li Z., Ling T., Li G. and Lee M.
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.

Book titleAdvances in Conceptual Modeling. ER 2018
Page range134-148
Year2018
PublisherSpringer
Publication dates
Published13 Oct 2018
SeriesLecture Notes in Computer Science, vol 11158
ISBN9783030013905
9783030013912
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-030-01391-2_20
Web address (URL)https://doi.org/10.1007/978-3-030-01391-2_20

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