This course provides an in-depth look at Management's Discussion and Analysis (MD&A), highlighting its critical role as a narrative supplement to financial statements that offers essential context for understanding a company's financial performance and position. It covers key elements of MD&A, such as liquidity, capital resources, and results of operations. The course also presents best practices for drafting effective MD&A as well as common challenges, including managing forward-looking statements, estimating critical accounting estimates, and navigating legal considerations.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify key elements of MD&A
Distinguish between liquidity and capital resources in MD&A
Recognize best practices for drafting effective MD&A disclosures
Identify common challenges in MD&A reporting
Recognize the significance of critical accounting estimates in MD&A
Major Topics
Purpose and Importance of MD&A
SEC Requirements Related to MD&A
SEC's Watchful Eye on MD&A
