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.
Definition of Business Transaction Management. Now, since this is a relatively new term that lacks a formal definition, we here at the CS will attempt the audacious task of defining Business Transaction Management.Let us begin by taking a look at how Business Transaction Management has been defined across the industry.n the line after this quote they state that EMA calls this discipline Business Performance Management. Other EMA White Papers do not provide much of a definition other than; Business Transaction Management means to plan, monitor and control IT processes from a business prospective.