management's discussion and analysis
Definition
MD&A. SEC mandated
financial and
business information that must accompany three years of
audited financial statements. Now an integral part of the
registration filing, it must disclose the
corporation's liquidity position,
capital resources,
results of its
operations, underlying causes of material
changes in
financial statement items, events of unusual or infrequent nature,
positive and
negative trends, and significant
uncertainties. In
addition, the management must provide, in a narrated
form (and not in a tabular form or as
statistical data), a discussion of the significant
effects of
inflation on the corporation's
finances.
This information must be provided without hype and
public-relations bias. The
objective of the MD&A requirement is to give the
firm's current and
potential investors a candid
overall view of its past,
present, and
future through its
management's eyes.
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“
The management's discussion and analysis was a really long and arduous process and it was very hard to understand for me.
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You should try to make sure that you always give out honest information when filing your management's discussion and analysis.
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MANAGEMENT'S DISCUSSION AND ANALYSIS
Management discussion and analysis (MDA) is an unaudited section of an annual REPORT in which the management discusses the company's financial performance for the past period and its current financial position and provides insight into the company's future prospects in light of its strategy.
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