Summary – An Issue

There remains an important issue with one assertion on this figure: an Instrument Specification is a kind of Asset Specification, as it was defined in the Enterprise Model. There, it was convenient to constrain the term to mean physical assets only. But an Instrument is not a physical asset. The concept of “virtual” assets was basically covered by Chapter 8, on Information Resources. This concept covered everything from documents to computer software, but it did not, in fact, address financial Instruments directly. Somehow calling an Instrument simply an Information Resource doesn’t convey what is going on.

Just as Accounting is fundamentally different from the rest of the Enterprise Model (since it is, after all, describing ...

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