Management Discussion and Analysis (MD&A) is a section of a company's annual report that provides a narrative explanation of the financial statements, helping stakeholders understand the company's financial performance, trends, and future outlook. It serves as a bridge between the raw financial data and the strategic vision of management, offering insights into changes in accounting estimates, errors that may have occurred, and any restatements that are necessary for accurate reporting.
congrats on reading the definition of Management Discussion and Analysis. now let's actually learn it.