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Management discussion and analysis or MD&A is an integrated part of a company's annual financial statements. The purpose of the MD&A is to provide a narrative explanation, through the eyes of management, of how an entity has performed in the past, its financial condition, and its future prospects.
According to the Institute of Management Accountants (IMA), "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization ...
Financial management is the business function concerned with profitability, expenses, cash and credit. These are often grouped together under the rubric of maximizing the value of the firm for stockholders.
Annual report, yearly report on a company's activities Financial reporting , formal record of the financial activities and position of a business, person, or other entity Pages displaying short descriptions of redirect targets
Ascertainment of the financial position of business: businessman is not only interested in knowing the result of the business in terms of profits or loss for a particular period but is also anxious to know that what he owes (liability) to the outsiders and what he owns (assets) on a certain date. To know this, accountant prepares a financial ...
The tech giant also had $158.2 billion in current liabilities, demonstrating that the company can keep up with its financial obligations. Alphabet also reported a pristine balance sheet in Q2 2024.
Management accounting focuses on the measurement, analysis and reporting of information for internal use by management to enhance business operations. [ 1 ] [ 6 ] The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping , of which double-entry bookkeeping is the ...
The resulting financial reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including auditing , financial accounting porting, -managerial/ management accounting ...