CFA Practice Question

CFA Practice Question

The section of a firm's annual report entitled "Management's Discussion and Analysis" (MD&A)
A. covers three financial aspects of a firm's business: liquidity, capital resources, and results of operations.
B. is a technical analysis of past results and a defense of those results of management.
C. covers marketing and product line issues and includes the company president's letter.
Explanation: The MD&A is included in SEC filings. It addresses in a nonquantified manner the prospects of a company. The SEC examines it with care to determine that management has disclosed material information affecting the company's future results.

User Contributed Comments 2

User Comment
Will1868 Doesn't MDandA also include a section on forward looking statements and inherent business risks - as well as a discusion of expected future performance??
cjpatel as well income from discontinued operation....
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