The general evolution of fieldbus systems has been variously affected by both computer electrical engineering and science. First, the main contribution undoubtedly originated from network IT systems, when the Open Systems Interconnection model was presented. This reference model with seven layers was and remains the foundation for the development of numerous advanced communication protocols. In this paper, the conducted research resulted in a major contribution; specifically, it describes the mathematical model for the Modbus protocol and defines the acquisition cycle model that corresponds to incompletely defined protocols in order to provide a timestamp and achieve temporal consistency for proposed Modbus Extension. The derived technical contribution of the authors is to exemplify the functionality of a typical industrial protocol that can be decomposed to improve the performance of data acquisition systems. Research results in this area have significant implications for innovations in industrial automation networking because of increasing distributed installations and Industrial Internet of Things (IIoT) applications.