Which of the following is true regarding Management's Discussion and Analysis MD&A?
A) MD&A is not considered part of Required supplementary Information RSI.
B) MD&A takes the place of footnotes.
C) MD&A should present an analysis of significant variations between the original and final budget.
D) All of the above are true.

Question

Quizplus · Accepted Answer

MD&A is part of RSI. MD&A does not take the place of footnotes. GASB requires eight specific items that must be included one of which is an analysis of significant variations between original and final budget amounts and between final budget amounts and actual results for the General Fund.

Which of the Following Is True Regarding Management's Discussion and Analysis