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Ontology-based Multilingual Access to Financial Reports for Sharing Business Knowledge across Europe

Thierry Declerck; Hans-Ulrich Krieger; Susan M. Thomas; Paul Buitelaar; Sean O'Riain; Tobias Wunner; Gilles Maguet; John McCrae; Dennis Spohr; Elena Montiel-Ponsoda
In: József Roóz; János Ivanyos (Hrsg.). Internal Financial Control Assessment Applying Multilingual Ontology Framework. MONTIFIC - ECQA Joint Conference, The Current Financial Crisis and Competences to Address Problems on the European Market, September 30 - October 1, Budapest, Hungary, ISBN 978-963-08-0012-9, Készült a HVG Press Kft. nyomdájában, Budapest, 9/2010.

Abstract

Within the FP7 European project MONNET -- Multilingual Ontologies for Networked Knowledge see http://www.monnet-project.eu/ --, we are specifying and implementing a use case concerning business intelligence on European companies, involving a semantic-level analysis of business reporting in several languages. This use case is building on national and international accounting regulations that are encoded in XBRL taxonomies. XBRL (eXtensible Business Reporting Language) is an XML-based open standard for identifying and communicating complex financial information in corporate business reports. In Monnet we plan to use an "upgraded" XBRL in form of localized ontologies that support not only the translation of the central elements of business reports (in Dutch, English, German and Spanish), but also the extraction, integration and presentation of financial data available in various types of documents in various languages. With this use case, Monnet hopes to contribute to the effective sharing of financial and business knowledge across Europe.

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