Part 1. Overview of Financial Statements and the Statement of Position -- Chapter 1. Overview of Financial Statements -- Chapter 2. Cash and Cash Equivalents -- Chapter 3. Short-Term Assets: Inventories -- Chapter 4. Account Receivables -- Chapter 5. Pre-Paid Expenses, Unearned Income and Other...

We examine whether managers provide more voluntary disclosure when GAAP limits their reporting discretion in financial statements. We find managers are more likely to disclose non-GAAP earnings, issue more management forecasts, and provide longer yet more readable management discussion and...