<prompt> Translate the following text to EnglishHii inatumika kwa mchakato mzima au mzunguko wa maisha ya shughuli au tukio kutoka kuanzishwa na idhini hadi uainishaji wake wa mwisho katika rekodi za muhtasari.  <response>: This applies to the entire process or life cycle of a transaction or event from the initiation and authorization through its final classification in summary records. 