Financial expenses - Accounts 66 - French GAAP - Accounting Principles Standards 2024

- MAIN PAGE
- SUMMARY OF ACCOUNTS
- CHART OF ACCOUNTS
- ACCOUNTS
  - I. Classification of accounts
  - II. Functioning of accounts
    - Class 1. Equity and liabilities
    - Class 2. Fixed assets
    - Class 3. Inventory and work in progress
    - Class 4. Accounts receivable and payable
    - Class 5. Cash and financial instruments
    - Class 6. Expenses
      - 60. Purchases (except account 603)
      - 603. Changes in inventory (supplies and goods for resale)
      - 61/62. Other external expenses
      - 63. Taxes, duties and similar payments
      - 64. Payroll expenses
      - 65. Other operating expenses
      - 66. Financial expenses
      - 67. Exceptional expenses
      - 68. Depreciation, amortization, impairment and provisions
      - 69. Employee profit-sharing - Income taxes and similar taxes
    - Class 7. Revenues
    - Class 8. Special
      accounts
- FINANCIAL STATEMENTS
- ACCOUNTING TERMS

ACCOUNTS

II. Functioning of accounts

Class 6. Expenses

66. Financial expenses

Subdivisions of account 661 " Interest expense " are used to record interest on loans and similar debts of affiliated entities.

Account 665 " Discounts given " is debited with the amount of discounts given by the entity to its customers by crediting account 411 " Customers " or a cash account.

Account 666 " Financial foreign exchange losses " is debited with foreign exchange losses on financial transactions made by the entity during the financial year.

Account 667 " Losses from sales of marketable securities " is debited with the gross value of the marketable securities sold. It is credited with the sale price of these marketable securities.

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