Transaction Business Event
Definition
Transaction Business Event. Occurrence in time that partners to a business transaction wish to monitor or control.
Issues and Challenges
Term derived from REA as expressed in ISO 15944-4 Additional notes in ISO 15944-4 itself: NOTE 1 Business events are the workflow tasks that business partners need to accomplish to complete a business transaction among themselves. As business events occur, they cause a business transaction to move through its various phases of planning, identification, negotiation, actualization and post-actualization. NOTE 2 Occurrences in time can either - be internal as mutually agreed to among the parties to a business transaction; and/or, - reference some common publicly available and recognized date/time referencing schema (e.g. one based on using ISO 8601 and/or ISO 19135).
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FND/TransactionsExt/REATransactions/index-en.html + |
