CHAPTER ONE

INTRODUCTION

1.0 Introduction

This chapter presents the general introduction to the study on transaction processing system for music and event management. It presents the background of the study, statement of the problem, aim and objectives of the study, significance of the study, scope of the study, organization of the research and definition of terms.

The growth in the transaction processing industry portends good things for small businesses. As is the case with most sound business decisions, managers should acquire proper education and knowledge about transaction processing before committing to it. It is, after all, just a new way to manage commercial transactions.

1.1 Background of the Study

Transaction processing is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction processing systems also include a method of ensuring that all the information entered as a transaction is simultaneously saved. When a large number of transactions are taken and then stored to be dealt with at a later time, the process is known as batch processing. Different examples of transaction processing include automated teller machines, credit card authorizations, online bill payments, self-checkout stations at grocery stores, the trading of stocks over the Internet, and various other forms of electronic commerce.At the center of most commercial interactions is a transaction so, every business has to deal with its commercial transactions in some form. How a company decides to manage these transactions can be an important factor in its success. As a business grows, the number of transactions it must manage usually grows as well. Careful planning must be done in order to ensure that transaction management does not become too complex. Transaction processing is a tool that can help growing businesses deal with their increasing number of transactions.

Every event management organization need to keep proper records of transaction and process them. Achieving this manually is possible but also time consuming. To facilitate proper record keeping and processing of transaction, an automated system is needed. Automating the records for music and event management will guarantee efficient management of the business organization. Reports about music and events to be conducted can be easily retrieved. It is in view of the need to implement a transaction processing system for event management that necessitated this study.

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