MD & A Flashcards
1
Q
M D & A
A
Management discussion and analysis reports
2
Q
Objectives of M D & A
A
- View company through eyes of mgmt.
- Integration w/ f.s
- Completeness and materiality
- Forward looking orientation … risks
- Strategic perspectives … mgmt. strategy
- Usefulness
3
Q
What is included in MD AND A Reports
A
Industry and economic factors affecting business
Analysis on past and future of business
Supplements the financial statements
Not following GAAP
