A certificate of participation template is a financial instrument which elaborates the role and scope of investor who is participating financial program pledged under local government. The participant means taking part in project or program where liability stands on full scale rather on earnings. Usually it comes under financial lease or leased program assets or projects, where investors are invited to buy share and take participation directly. These programs are under the supervision of local govt or public sectors who are responsible for payments either yearly or half yearly. These payments are transferred to nominated trustee who is responsible of transferring into all investors according to their share. Before go further let’s have a look on certificate of participation in term of financial accounting and then we move further for knowing about the participation certificate under the statement of recognition.
• It is use by the government as well as public corporations to allow the individuals personnel and companies to buy shares under the accession of lease revenue of such agreement which made by the entities.
• It is used to recognize the hard work of someone who has done something exceptional while participating in a particular activity.
Details of Certificate of Participation
To all appearance, the participation certificate will often given by the people to the participant when he/she has finished something in an effective manner, just like; when student has completed a certain course of study, when team done excellent job in a sport’s season, when individual did great in workshop or even more. Apart of this, we can say that, the reasons for receiving or presenting a participation certificate may varies according to the efforts of person as well as the terminology of participation.
Purpose of Certificate of Participation
Seemingly, the vital purpose of participation certificate is to show someone that they have been appreciated by the organization because they have dedicated their time, brilliance, efforts and potential during the participation. In general scenario, the participation certificate may include following stuff, i.e. the name of the person who has contributed their time to the organization, title of company, date of participation, name of the workshop, authority information, purpose of participation and the data about the business/association who organize the participation will be included on the certificate.
