Managements Discussion and Analysis (MDandA) - What You Need to Know (Course Id 2021)

This course provides an overview of the rules and regulations with respect to the management’s discussion and analysis (MD&A) section of an entity’s consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC).  MD&A has been, and continues to be, a primary focus area of the SEC when reviewing public company filings.  In fact, it has consistently ranked in the top 10 of the most frequent comment letters issued by the SEC. 

NASBA QAS - Text - NASBA Registry - 2021

Course Learning Objectives

• Identify the SEC Regulation applicable to MD&A
• Recognize the primary objective and focus areas related to MD&A
• Identify key information that should be included within a company’s MD&A
• Recognize the types of transactions that should be discussed in MD&A
• Identify methods to enhance the presentation of MD&A

Chapter 1 - Management's Discussion and Analysis (MDandA) - What You Need to Know

Course Learning Objectives

Course Overview

Introduction

Where Do I Go For Guidance?

Objective of MD&A

Item 303 – Full Fiscal Year Requirements

Item 303 – Liquidity and Capital Resources

Item 303 – Liquidity and Capital Resources – Illustrative Examples

Review Questions

Item 303 – Results of Operations

Item 303 – Results of Operations – Illustrative Examples

Review Questions

Item 303 – Critical Accounting Estimates

Item 303 – Critical Accounting Estimates – Illustrative Examples

Item 303 – Interim Reporting Requirements

Item 303 – Interim Reporting Requirements – Illustrative Examples

SEC Views – How to Improve MD&A

Big 4 Views – Comment Letter Analysis on MD&A

Conclusion

Review Questions

Glossary of Key Terms