Management's discussion and analysis

Also found in: Acronyms.

Management's discussion and analysis (MD&A)

A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial statements in the annual report.

Management's Discussion and Analysis

In a stockholder's report, a summary at the beginning stating what the management believes about the company's previous year or quarter. Generally speaking, management's discussion and analysis state the "bottom line" while the remainder of the report contains more detailed financial information. For example, the discussion and analysis may contain a brief essay stating, "Our company is healthy for reasons A, B, and C

." At the conclusion of that essay, the stockholder may view the financial statement.
References in periodicals archive ?
PET has also filed amended consolidated audited financial statements and related management's discussion and analysis as at and for the years ended December 31, 2004 and 2003 and amended consolidated financial statements for the three months ended March 31, 2005 and 2004, the three and six months ended June 30, 2005 and 2004, and the three and nine months ended September 30, 2005 and 2004 (collectively, the "Amended Financial Statements and MD&A").
Additional factors are discussed in the Seattle Bank's Management's Discussion and Analysis for the quarter ended September 30, 2005, and will be discussed in the Seattle Bank's audited 2005 financial statements and related footnotes and Management's Discussion and Analysis when they are published.
Consequently, subsequent to the release of the September 30, 2005 financial results, the Fund no longer intends to file annual and interim financial statements and the related management's discussion and analysis or annual information forms in accordance with applicable Canadian securities legislation, in view of the expense and diversion of management resources associated with the continuation of such filings.
In Cameco's first quarter management's discussion and analysis, we reported on requests for information from the State Auditing Chamber in connection with its inquiries into the Kumtor restructuring.
The Seattle Bank's audited 2004 financial statements, footnotes, and Management's Discussion and Analysis are available from the bank's website at: www.
A detailed presentation of the new methodology, as well as an analysis of how it compares to the calculation of RDI used in 2003, is shown on pages 9 through to 11 of RioCan's Management's Discussion and Analysis for the year ended December 31, 2004.
For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 -- Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2003 Annual Report on Form 10-K.
Full browser ?