According to the GASB Codification, Management's Discussion and Analysis Is

According to the GASB Codification, Management's Discussion and Analysis is

A) To be based on currently known statements, schedules, statistical data, and other information about future economic growth.
B) To be based on currently known facts, decisions, or conditions expected to have significant effects on financial activities.
C) To provide information that is necessary for fair presentation of each of the various entities reported in a government's basic financial statements.
D) To be limited to quantitative analysis only and should not state the reasons changes in the financial activities from year-to-year.