The objective of this document is to standardize the Business Processes, the Business Transactions and the Information Entities regarding the technical description and information of the financial reporting, and by extension, any kind of information reporting due or issued by an entity, being for internal or external purposes.
Act
CEFACT/Forum/2009
Scope
The scope for this project consists in building a standard financial reporting due to designated collecting organisations being publicly empowered or acknowledged data collectors and with the financial, accounting and audit analysts.
• Business process: Financial Reporting
• Product Classification: All Financial document
• Industry Classification: All sectors
• Geopolitical:Global
• Official Constraint: International Financial Reporting Standards (IFRS), International & European Regulations, National regulation (Generally Admitted Accounting Principles), Sectorial & Local applicable regulation
• Business Process Role: Issuer, Receiver, partner, information owner
• Supporting Role: None
• System Capabilities: No limitations