The purpose of the project is to develop a Lexical Nomenclature Message standard model to fulfill requirements in the production of reportings, in particular with respect to generally admitted accounting principles.

A wide range of business events, resource consumption and agent actions require to track the economic value flow with entries into accounting books.

The scope for this project consists in building a standard message needed for bookkeepers, accountants, auditors, statistics and social bodies and financial analysts to upload, download or transmit national or international lexical nomenclature used to fulfill administrative or private requirements and disclosure obligations such as, inter alia, financial statements, statistics.

The lexical nomenclature message will be available to, and usable by all businesses activities enabling completion of business scenario. The project includes all business sizes, internal as well as de-located accounting processes, domestic and international environments, single company and corporate, and concerns all activity domains.