Mara also highlighted a new "footnote manager" that delivers a unified version of the close and associated disclosure readiness for the management discussion and analysis
(MD & A), financial statements and footnotes.
MD&A Disclosure -- Non-public companies that have a significant ownership or liability interest not represented within management or on the board of directors and organizations with substantial outside capital or organizations that operate within the public trust should consider including disclosures like the Management Discussion and Analysis
discussion required by public companies to supplement their financial statements.
Using the management discussion and analysis
, financial statements and footnotes of these 208 annual reports, 45 companies (3.4%) were chosen that had material asset impairment losses in at least one of these three years.
* An overview of the reporting entity, which is similar to the management discussion and analysis
of private-sector financial statements.
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.
Much of the discussion focuses on analyzing annual reports--the management discussion and analysis
section, the financial statements, the disclosures and the financial analysis--so students understand the nature of the transactions and events involved and the industry at hand.