Definition: Forecast transaction

International accounting standards

A forecast transaction is an uncommitted but anticipated future transaction.

Source:
European Union, Commission Regulation (EC) No 2086/2004 of 19 November 2004 amending Regulation (EC) No 1725/2003 on the adoption of certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards the insertion of IAS 39

Created:
2006-05-12

Updated:
2019-05-10