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Implementation guideExtended Account statement
SWIFT MT940E formatVersion 1.1.7
Publishing date 7 February 2017Implementation suitable of contents
1INTRODUCTION ............................................................................................................................................
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What is extended account statement?
An extended account statement is a detailed financial report that provides additional information about a company's financial transactions, assets, liabilities, and equity beyond the standard account statement.
Who is required to file extended account statement?
Companies and organizations that operate in specific industries or meet certain criteria, as determined by the regulatory authorities, are required to file an extended account statement.
How to fill out extended account statement?
To fill out an extended account statement, the company needs to compile and organize detailed financial information, including transactions, assets, liabilities, equity, and other relevant data. This information is then presented in the prescribed format and submitted according to the designated filing process.
What is the purpose of extended account statement?
The purpose of an extended account statement is to provide stakeholders, such as investors, shareholders, regulatory authorities, and interested parties, with a comprehensive and transparent view of a company's financial performance, position, and activities. It enhances the level of disclosure and accountability.
What information must be reported on extended account statement?
The information reported on an extended account statement typically includes the company's financial transactions, assets, liabilities, equity, revenue, expenses, net income, cash flows, and other relevant financial indicators or disclosures, as required by the regulatory authorities.
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