Class Notes Each class has notes available. Most of the classes have practice problems with solutions available on the practice problems pages. Also most classes have assignment problems for instructors to assign for homework (answers/solutions to the assignment problems are not given or available on the site).
Definition. The accounting definition of a business transaction, according to the online Business Dictionary, is an economic event that initiates the accounting process of recording it in a company's accounting system.. This is the official definition.imple Transactions. Some transactions are simple exchanges. Paying two dollars for a cup of coffee is a business transaction. Getting a haircut, eating at a restaurant, even buying something expensive like a washer or dryer can be a simple transaction.
A business process is a collection of linked tasks which find their end in the delivery of a service or product to a client.A business process has also been defined as a set of activities and tasks that, once completed, will accomplish an organizational goal. process requires a series of actions to achieve a certain objective. BPM processes are continuous but also allow for adhoc action. Processes can be simple or complex based on number of steps, number of systems involved etc.