MD&A

Question 1

Why is MD&A Required?

Answer 1

Senior management, Boards of Directors, audit committee members, investors, investor analysts, lenders, and other creditors now turn to a broad array of information in order to understand and evaluate the overall performance and prospects of an organization.

Question 2

Objectives of MD&A

Answer 2

1. Viewing the company through the eyes of management:
2. Integration with financial statements
3. Completeness and materiality
4. Forward-looking
5. look at mgmt strategic perspective
6. useful

Question 3

MD&A should communicate information that helps users understand past performance and future prospects

Answer 3

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