Management's discussion and analysis

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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 ?
Disclosure of Contractual Obligations in Management Discussion and Analysis
The model also requires a management discussion and analysis supplement intended to give readers, especially users who are less familiar with government financial reports, a brief, objective and easy-to-read analysis of the government's financial performance.
Management discussion and analysis (MD&A) recently has experienced increased attention as a result of actions by the Securities and Exchange Commission.
TSX VENTURE:AZS) announced today that its Consolidated Financial Statements and Management Discussion and Analysis for the year ended April 30, 2005 are available on SEDAR.
The complete Consolidated Financial Statements and Management Discussion and Analysis can also be seen on Arizona Star's website at http://www.
SEATTLE -- The Federal Home Loan Bank of Seattle (Seattle Bank) released today its 2004 audited financial statements and footnotes and Management Discussion and Analysis.
MISSISSAUGA, Ontario -- CFM Corporation (TSX: CFM) previously announced that it would be late in filing its unaudited interim financial statements and related management discussion and analysis for its first quarter of fiscal 2005.
The Actuarial Opinion PDF (Portable Document Format) files are included as a part of the PDFs of the Management Discussion and Analysis (MD&A) and Annual Statements that are currently accessible via Internet links embedded in the software.
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