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Management's Discussion and Analysis
The Managment's Discussion and Analysis (MD&A) section is company management's opportunity to provide investors and other interested parties with with its comments about the financial performance and condition of the company which contains information that cannot be found in the financial statements. It is senior management’s opportunity to tell investors what the financial statements show and do not show, as well as important trends and risks that the company faces or is likely to face in the future. The SEC requires disclosures about trends, events or uncertainties known to management that would have a material impact on reported financial information.
The intent of MD&A is to provide investors with information that the company’s management believes is necessary to an understanding of the company's financial condition, changes in financial condition and results of operations. It includes information about favorable and unfavorable trends in areas including financial liquidity and results of operations.
© 2011. Michael C. Dennis. All Rights Reserved