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#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
The exposure draft identifies five content elements of a “decision-useful management commentary.” Those content elements include

1) the [...] business;

2) management’s objectives and strategies;

3) the company’s significant resources, risks, and relationships;

4) results of operations;

5) critical performance measures.
Answer
nature of the

Tags
#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
The exposure draft identifies five content elements of a “decision-useful management commentary.” Those content elements include

1) the [...] business;

2) management’s objectives and strategies;

3) the company’s significant resources, risks, and relationships;

4) results of operations;

5) critical performance measures.
Answer
?

Tags
#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
The exposure draft identifies five content elements of a “decision-useful management commentary.” Those content elements include

1) the [...] business;

2) management’s objectives and strategies;

3) the company’s significant resources, risks, and relationships;

4) results of operations;

5) critical performance measures.
Answer
nature of the
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The exposure draft identifies five content elements of a “decision-useful management commentary.” Those content elements include 1) the nature of the business; 2) management’s objectives and strategies; 3) the company’s significant resources, risks, and relationships; 4) results of operations; and 5)

Original toplevel document

3.1.6. Management Commentary or Management’s Discussion and Analysis
ASB) issued an exposure draft in June 2009 that proposed a framework for the preparation and presentation of management commentary. Per the exposure draft, that framework will provide guidance rather than set forth requirements in a standard. <span>The exposure draft identifies five content elements of a “decision-useful management commentary.” Those content elements include 1) the nature of the business; 2) management’s objectives and strategies; 3) the company’s significant resources, risks, and relationships; 4) results of operations; and 5) critical performance measures. In the United States, the SEC requires listed companies to provide an MD&A and specifies the content.7 Management must highlight any favorable or unfavorable trends and

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