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 the set of activities required to accomplish a common goal. The activities may be performed by people or systems and are completed either sequentially or in parallel. BPM is the acronym for the term âBusiness Processes Managementâ. We hear about the term Business Process or BPM almost in every business. Business Processes can be defined as a discipline of design, modeling, execution, monitoring, and optimization business processes to increase profitability.