SEC 10-K Management Discussion

SEC 10-K Management Discussion And Analysis Contains  

The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section is earlier in the report.  

1. The management of risk and uncertainty is often included in the MD&A section comments. What do you learn of interest here?

2. Divisions and Product Lines may be discussed in the MD&A section.  What audit and internal control issues may arise in these areas as you consider our chapters for the week.

3. Management often explains higher or lower than expected in their comments. Discuss the profitability and other comments in the MD&A section as they relate to our chapters thus on audit strategy, risk, internal control, materiality, and management.

https://www.sec.gov/Archives/edgar/data/77476/000007747619000017/pepsico201810-k.htm#s1A5A3E567CB957569E2B49DDD22FB8A2