A Transaction Is An Indivisible Entity That Is Either Performed In Its Entirety Or Will Not Get Performed At All.
Master data is not volatile and rarely changes its attributes, while transaction data are highly volatile. Master data is the type of data without which any transaction cannot be implemented and therefore it is mandatory for every organization. Master data is data that remains unchanged over a period of time.
Any Command In The Transaction May Or May Not Change The Structure Of The Database.also, The Changes Required By The Transaction Must Be Made Together.
Each command in a transaction is atomic i.e it cannot be split further into sub commands. A transaction date is a date upon which a trade takes place for a security or other financial instrument. Some common and most widely used transaction codes are defined below.
Various Categories Of Transaction Codes Are Defined According To Application Area And Modules.
Transaction data are data describing an event (the change as a result of a transaction) and is usually described with verbs. Basis master data is the data that represents people, places or things that are related to an organization. It contains information that is always needed.
This Is The Responsibility Of Both The Dbms And The Application.
Transactional data describe an internal or external event or transaction that takes place as an organization conducts its business. Transaction codes are a kind of shortcuts for different applications. A transaction, in the context of a database, is a logical unit that is independently executed for data retrieval or updates.
Data Describing An Event (The Change As A Result Of A Transaction) And Is Usually Described With Verbs;
Typically, master data can be identified by critical nouns in a business, while transaction data can be identified by verbs. Transactional data, in the context of data management, is the information recorded from transactions. Some important transactions here for master data: