The Management Discussion and Analysis section provides the real detail on year-to-year performance. In your case this will be 2020 vs. 2019. Topics will be both qualitative and quantitative around al

The Management Discussion and Analysis section provides the real detail on year-to-year performance. In your case this will be 2020 vs. 2019. Topics will be both qualitative and quantitative around all aspects of 2020 relative to 2019. MD&A will certainly include a complete variance analysis of performance and the successes and failures of your decisions for the year. It is the time you will delve into the details of your operating decisions. The MD&A section is typically devoted to the past (your future was described in prior sections). Reference to the Financial Statements and your recently completed Annual Operating Review is crucial. Graphics from your Business Intelligence Dashboard and your Variance walks on Income and Cash can provide visual insight into your performance. The Management Discussion and Analysis (MD&A) can be a maximum of 6 pages.