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A key goal of the object-oriented approach is to decrease the "semantic gap" between the system and the real world, and to have the system be constructed using terminology that is almost the same as the stakeholders use in everyday business. Object-oriented modeling is an essential tool to facilitate this. Useful and stable abstraction
Resources, events, agents (REA) is a model of how an accounting system can be re-engineered for the computer age.REA was originally proposed in 1982 by William E. McCarthy as a generalized accounting model, [1] and contained the concepts of resources, events and agents (McCarthy 1982).
Object-oriented may refer to: Object-oriented programming, a programming paradigm Object-oriented analysis and design; Object-oriented database; Object-oriented operating system; Object-oriented role analysis and modeling. Object-oriented modeling, an approach to modeling an application at the beginning of the software life cycle
The method started focusing on the concept of Recursive Design (RD), which enabled the automated translation aspect of the method. What makes Shlaer–Mellor unique among the object-oriented methods is: the degree to which object-oriented semantic decomposition is taken, the precision of the Shlaer–Mellor Notation used to express the analysis ...
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
This concept was inspired from object-oriented programming. The interface defines the layer of communication between an object and anything in its environment. The interface consists of inputs (often called resources), and outputs (often called results). Defining the interface is an art that highly skilled object-oriented management agents master.
The above principles are incorporated into the Managerial Costing Conceptual Framework (MCCF) along with concepts and constraints to help govern the management accounting practice. The framework ends decades of confusion [1] surrounding management accounting approaches, tools and techniques and their capabilities.
Accounting Standards Codification, the only source of authoritative nongovernmental U.S. GAAP. In 2009, the Codification superseded the FASB's Statements of Financial Accounting Standards. 168 standards had been issued before the Codification. Concepts Statements, first issued in 1978. They are part of the FASB's conceptual framework project ...