Project 1727 - ISO/IEC 15944-4:2007 - Information technology -- Business Operational View 
-- Part 4: Business transaction scenarios -- Accounting and economic ontology

This part of ISO/IEC 15944 provides a set of UML class diagrams and conceptual explanations that
circumscribe the Open-edi Business Transaction Ontology. It explains the mechanics of a business
transaction state machine — the procedural component of an OeBTO — and the (internal) constraint
component of OeBTO — its repository for business rules.

This part of ISO/IEC 15944 addresses collaborations among independent trading partners as defined in
ISO/IEC 15944-1. This part of ISO/IEC 15944 applies to both binary collaborations (buyer and seller) and
mediated collaborations (buyer, seller, third-party). The ontological features described herein propose
standards only for the BOV — that is, the business aspects of business transactions as they are defined in
ISO/IEC 15944-1.