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Executive Summary
Project purpose
The purpose of the project is to develop an Accounting Entry standard model to fulfill accounting requirements in the production of accounting books with respect to generally admitted accounting principles.
Project scope
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 accounting entry needed for bookkeeping, accounting and auditing practices. This accounting entry will be available to, and usable for all businesses activities enabling completion of business scenario. The project includes all business sizes, internal as well as de-located accounting processes, domes-tic and international nvironments, single company and corporate, and concerns all activity domains.
