RE: ebXML Core Components Submission Version 1.01

[James Whittle <james.whittle@e-centre.org.uk>]

Todd, sorry for the delay in responding to your question. If you require
some vocabulary which has already been defined then you will either agree
with the definition and therefore be happy to use the term. Or your context
will mean that you have another definition, a synonym which you can register
as meaningful within your specific business context.
  
Kind regards

James Whittle
E Business standards executive

Tel. No. 44 (0)20 7655 9022
Fax No. 44 (0)20 7681 2278


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		-----Original Message-----
		From:	Todd Boyle [mailto:tboyle@rosehill.net]
		Sent:	05 March 2001 06:44
		To:	ebxml-core@lists.ebxml.org
		Cc:	james.whittle@e-centre.org.uk
		Subject:	RE: ebXML Core Components Submission Version
1.01

		James Whittle [mailto:james.whittle@e-centre.org.uk]
		> Hello all,
		>
		> The attached zip file contains the Core Components
submission to QRT to be
		> considered for public review. The zip contains the
following documents;
		>
		> *	CC and BP Document Overview Ver 1.01
		> *	ebXML Initial catalogue of core components Ver1.01
		[.....]

		Thanks James!  Eagerly read those attachments...

		The word "account" has a number of meanings in various
business
		contexts. The Initial Core Components Catalogue Ver 1.01
(Appendix A).pdf
		contains the following definition for  000010,
"account.details"

		   "A service through a bank or other organisation through
which funds
		   are held on behalf of a client or goods or services are
supplied on
		   credit." "Can also be used for non-monetary accounts such
as a point
		   schemes."

		There are eleven rows in this account.* aggregate, which
seem somewhat
		specific to banking.  Here are two, broad usages of the word
"account".

		1.  External accounts.  "We got the Pepsi account but we
lost the
		Coke account..."   e.g.
		  * Asset accounts such as bank accounts, accounts
receivable accounts,
		      all kinds of financial assets and receivables, and
		  * Liability accounts, payable accounts, loans/bonds/notes
etc. payable...

		The number of these mutual external "accounts" between
businesses outside
		of banking is hundreds of times larger than the number of
bank accounts.

		2. a general "accounting" account, which is any of an
extremely large
		variety of classification schemes for transactions,
adjustments,
		etc.  i.e., an internal account.  Income accounts, equity
accounts,
		property and equipment accounts, budgeting, allocation, WIP,
all kinds
		of accounts and subaccounts and rollup accounts... Here,
read this.
		http://www.unece.org/trade/untdid/d99b/tred/tred4437.htm
		http://www.unece.org/trade/untdid/d99b/trsd/trsdcpt.htm
		http://www.unece.org/trade/untdid/d99b/trmd/entrec_c.htm

		The ebXML Finance domain website has similar focus on
banking,
		http://www.ebxml.org/project_teams/core_components/Finance/

		I guess accountants should do our jobs to model our own
domain.
		What happens if we need some vocabulary words that are
already
		used exactly in some other domain?

		Todd