Management's Discussion and Analysis
Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 19 min read, ~2,796 words.
MD&A is Required Supplementary Information (RSI) that must precede the basic financial statements, not part of them, but auditor-reviewed. GASB Statement No. 34 mandates MD&A for state and local governments; eight specific content elements are required. Condensed comparative data for current and prior year must appear for both government-wide and...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- III.A6
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