Ch. 34 - Management Discussion and Analysis

Question 1

Objectives of MD&A

Answer 1

1. View the company through the eyes of mgmt
2. Integration with FS
3. Completeness and materiality
4. Forward looking orientation
5. Strategic objectives
6. Usefulness (understandable, relevant and comparable)

Question 2

Five key elements to MD&A

Answer 2

1. Core businesses and strategy
2. Key performance drivers
3. Capability to deliver results
4. Results and outlook
5. Risks