The purpose of the project is to develop an Accounting Chart of Accounts standard model to fulfill accounting require-ments in the production of accounting books with respect to generally admitted accounting principles. 

The accounting entries, issued of wide range of business events, resource consumption and agent actions, require to be classified in one or more ledgers using one or more chart of accounts according to the organization of accountancy.
The scope for this project consists in building an accounting chart of accounts standard needed for bookkeeping, ac-counting and auditing practices. This accounting chart of accounts model will be available to, and usable for all busi-nesses 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.