What is transaction type in SAP FIN-CGV-MIC - Management of Internal Controls?

SAP Term: transaction type

• Component: FIN-CGV-MIC

• Component Name: Management of Internal Controls

• Description: Process attribute specifying whether a process is performed as part of a routine or whether the process is performed as an exception. The transaction type of a process dictates which controls the process contains and how precisely process design assessment is performed, for example.

Smart SAP Assistant

• Key Concepts: 
  Transaction type is a feature of the Management of Internal Controls (FIN-CGV-MIC) component in SAP. It is used to define the type of transaction that is being processed. This helps to ensure that the correct business rules are applied to the transaction and that it is processed correctly. 
  
  How to use it: 
  Transaction types are used to define the type of transaction that is being processed. This can be done by selecting a transaction type from a list of available options. The transaction type will then be used to determine which business rules should be applied to the transaction. 
  
  Tips & Tricks: 
  When selecting a transaction type, it is important to make sure that the correct one is chosen. This will ensure that the correct business rules are applied and that the transaction is processed correctly. 
  
  Related Information: 
  For more information on how to use transaction types in SAP, please refer to the official SAP documentation.