Accounting › Treasury
Covenant Tests
Headroom in the direction that matters: how much worse it could get before it breaches.
Where to find it
- Module: Accounting
- Group: Working Capital
- Section: Treasury
- Screen: Covenant Tests
Address in the console: /accounting/covenant-tests
List · 10 columns · 9 fields on its form · 2 of them required
What the list shows
These are the columns of the list, in the order they are drawn. Any of them can be sorted on, filtered on, hidden, or exported.
| Column | Kind | Field name |
|---|---|---|
| Tested | Date | test_date |
| Instrument | Code | instrument_no |
| Covenant | Code | covenant_code |
| Measure | Code | measure |
| Actual | Number | actual_value |
| Threshold | Number | threshold |
| Headroom | Number | headroom |
| Result | Status | result |
| Notified | Yes or no | breach_notified |
| Waiver | Code | waiver_ref |
The form
What is asked for when a record is created here. Required fields are marked; a choice drawn from a configuration list is one an administrator can extend without a release.
| Field | Type | Choices | Notes |
|---|---|---|---|
| Covenant required | Choice | Looked up from existing records | |
| Test date required | Date | ||
| Period | Text | ||
| Actual value | Number | ||
| Threshold | Number | ||
| Result | Choice | pass, fail, waived, cured, not_tested | |
| Lender notified | Yes or no | ||
| Waiver reference | Text | ||
| Notes | Long text |
The rules that apply here
Everything on this screen obeys the platform rules rather than rules of its own. The ones worth knowing before you use it:
- Narrowing a list — search, conditions, sort, totals, export and saved views.
- What may be changed — the five grounds a record may not be edited on.
- Companies and business units — what the switcher above this list is doing to it.
- Creating a record — required fields, where choices come from, and how the number is allocated.
- Importing a spreadsheet — this screen accepts one, and it runs through the same rules as typing.