Definitions for "Management's Discussion and Analysis"
A report from management to shareholders, explaining the period's financial results. It accompanies the firm's financial statements in the annual report and enables management to discuss topics that may not be apparent in the financial statements.
a section of the Securities and Exchange Commission's required 10-K filing, also included in many companies' annual reports, providing management's analysis of the company's activities and position and detailing why changes occurred from the previous year.
A key area looked at by analysts; an interpretive section of the prospectus and of the annual report, frequently called the Financial Review.