why is the management discussion analysis section important 
the md a section is important because it doesn t have as restrictive guidelines compared to the numerically prepared financial statements management can use its own wording to explain unusual events or material considerations it can also explain its future plans which are not conveyed in backwards looking financial statements the bottom linethe management discussion and analysis section of a set of financial statements is management s opportunity to explain how the company did and how it will perform the section is buried in the notes to the financial statements and it usually contains an overview forward looking projection and explanation of management s judgements 