Identified Transaction

Payment sent to a company with an invoice, computer matchcode or other clearly identifying information. Identified transactions help a company keep its records straight: that is, they reduce the chance that the company will think that payment was not made when it in fact was.

References in periodicals archive ?

The court's opinion also narrowly interpreted the circumstances under which a third party could bring a negligent misrepresentation claim by requiring the auditor to have knowledge of the specific identified transaction contemplated by a third party.

California court acknowledges engagement letter's importance

All promulgated guidance requires that a hedging instrument be linked to a specific current or future identified transaction, asset or liability.

Will the FASB clip the hedges?

The taxpayer will agree to maintain records in respect of the identified transactions and issues.