management commentary

Question 1

management commentary

Answer 1

the IFRS practice statement MANAGEMENT COMMENTARY provides a framework for the presentation of management commentary on a set of financial statements

Question 2

purpose of management commentary

Answer 2

*to provide management’s assessment of the entity’s performance, position and progress
*to supplement information presented in the financial statements, and
*to explain the factor that might impact performance and position in the future
MANAGEMENT COMMENTARY SHOULD INCLUDE INFO WHICH IS FORAWRD LOOKING