Source: https://www.bna.com/managements-discussion-analysis-p7454/
Timestamp: 2018-11-20 12:23:56
Document Index: 667659314

Matched Legal Cases: ['art 1', 'art 2', 'art 1', 'art 2', 'art 2', 'art 2']

Management's Discussion and Analysis (Portfolio 5107) | Bloomberg Tax
Accounting Policy and Practice Portfolio 5107, Management's Discussion and Analysis, analyzes the requirement that annual and quarterly financial statements of public companies must be accompanied by management's narrative discussion of certain issues (MD&A).
Accounting Policy and Practice Portfolio 5107, Management's Discussion and Analysis, analyzes the requirement that annual and quarterly financial statements of public companies must be accompanied by management's narrative discussion of certain issues (MD&A). The Securities & Exchange Commission has promulgated regulations mandating the form and content of these narrative descriptions. Although the Sarbanes-Oxley Act of 2002 expanded the significance of MD&A, the requirements precede that legislation. This Portfolio consists of two parts: Detailed Analysis of Rules (Part 1) and Highlights and Illustrations (Part 2).
Part 1, by Brian J. Lane and Gillian McPhee, analyzes the history, purpose, and components of MD&A and forward looking information. The Portfolio analyzes both the SEC's regulations and significant relevant judicial and administrative actions. Echoing the significance of MD&A under the Sarbanes-Oxley Act, the Portfolio emphasizes MD&A disclosures in 2001 and beyond.
Part 2, by William Ruland, highlights the SEC's requirements and illustrates contemporary reporting practice. The highlights summarize major MD&A requirements as reflected in major directives from the SEC. The illustrations are taken primarily from annual reports of companies that have received recognition for the quality of financial reporting as reflected in the AIMR Corporate Disclosure Survey, February 2000, the final and most recent edition of that series.
This Portfolio may be cited as Bloomberg Tax Portfolio 5107, Lane, McPhee, and Ruland, Management's Discussion and Analysis. Please note, however, that Mr. Lane and Ms. McPhee had no part in preparing and take no responsibility for Part 2 of the Portfolio. Accordingly, they take no position with respect to the merits of the MD&A of any company including the companies identified in Part 2.
Brian J. Lane is a partner in the Washington, D.C. office of Gibson, Dunn & Crutcher. Mr. Lane focuses on securities regulation and disclosure issues and sophisticated capital markets counseling. He represents U.S. and foreign clients in proxy contests, complex mergers and acquisitions, public and private offerings and corporate governance matters. Mr. Lane received his law degree in 1983 from the American University, Washington College of Law. He has served as an adjunct professor of law at Georgetown University Law Center. Before joining Gibson, Dunn & Crutcher, Mr. Lane served at the Securities and Exchange Commission (SEC) for 16 years, where he held a variety of positions. Mr. Lane served as Director of the Division of Corporation Finance, Counsel to Chairman Arthur Levitt, Counsel to Commissioner Richard Roberts, and staff attorney with the Corporation Finance and Market Regulation Divisions.
William Ruland, Ph.D., SUNY at Buffalo, New York (1976), MBA, SUNY at Buffalo, BS, Pennsylvania State University Industrial Engineering. Areas of expertise include financial accounting and financial statement analysis. Author of numerous publications in journals of accounting and finance. Editorial Board, Journal of Accounting and Public Policy, 1982-present.