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Management Commentary, FARAH KARMILA BINTI MOHAMED AZUKARAIS
(20083762) -…
Management Commentary
Considerations
Nature of the business
The knowledge of the business in which an entity is engaged and the external environment in which it operates.
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The entity's most significant resources, risks and relationships
A basis for determining the resources available to the entity as well as obligations to transfer resources to others; the ability of the entity to generate long-term, sustainable net inflows of resources; and the risks to which those resource-generating activities are exposed, both in the near term and in the long term.
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Core details/structure
To provide management's view of the entity's performance, position and progress.
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Information that possesses the qualitative characteristics described in the revised Conceptual Framework for Financial Reporting.
Objectives
It provides users with historical explanations of the amounts presented in the financial statements, specifically the entity's financial position, financial performance and cash flows.
It also provides commentary on an entity's prospects and other information not presented in the financial statements.
It serves as a basis for understanding management's objectives and its strategies for achieving those objectives
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