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An IFRS Compliant Balance Sheet Metamodel

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TitleAn IFRS Compliant Balance Sheet Metamodel
Publication TypeConference Paper
Year of Publication2012
AuthorsKrdzavac, N., Haque R., and Butler T.
Conference Name2nd Workshop on Model Driven Approaches in System Development (MDASD)
Date Published09/2012
Conference LocationWrocław, Poland
Abstract

 This paper proposes a balance sheet metamodel using Model Driven Architecture (MDA) methodology. In order to do that, we use the international financial reporting standard (IFRS) as a good starting point owing to its wider adoption across countries in preparing balance sheet. The balance sheet is summary of financial position of a financial entity such as credit institutions. The reason for applying MDA in developing balance sheet metamodel is twofold: to automate transfer and sharing knowledge of regulations of capital adequacy of credit institutions and to make a clear difference between conceptual and concrete modeling of regulations of capital adequacy of credit institutions.