What is a financial commitment table?


Contained in Annex accounting since it contains elements that are significant, the table of financial commitments is an unrecognized financial document. For best accountancy training Best school of accountancy In Lahore. Here is an overview of its content but also the rules to respect for its establishment.
Behind the notion of a table of financial commitments, there is in reality a multitude of tables that have the particularity of listing different elements:
Simple financial commitments . There will thus appear numerous data such as guarantees given by personal guarantees (guarantees, guarantees or endorsements), receivables ceded not yet due, write-offs, guarantees of assets and liabilities, etc.
Complex financial commitments . They mainly correspond to commitments entered into under finance leases or as part of the settlement of difficulties. However, this is also where more complex commitments such as the issue of guaranteed value certificates or the sale of securities with the option of redemption
However, only those commitments considered as "significant" by the Ordre des Experts-Comptables (OEC) should be shown:
Guarantees, sureties and guarantees if they represent at least 10% of the current result
Expected discounts not yet due if they represent at least 10% of trade receivables
Debts / receivables secured by collateral if they represent at least 10% of the relevant asset (s)
The commitments under credit agreements-bai l from the 1 st euro
How to build the table of financial commitments?
Very technical , the preparation of this financial document will require the realization of several tables. Generally, unless there are very specific commitments, 4 tables provide a clear and precise overview of the content of this document  :
A table of financial commitments broken down by beneficiaries
A table of pledges and mortgages on fixed assets
A table of debts secured by security interests
A table of leasing commitments
However, no formalism exists and this is only an idea to simply build this financial document. However, more often than not, the table of financial commitments is drawn up by an accountant who has mastered the fundamentals.

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