I develop a model to study the implications of limited attention on financial reporting. I first shed light on a fundamental trade-off between disclosing a summary versus disclosing details: although a summary contains less information about fundamentals than details, it is easier to process....

As contemporary engineered systems become more interdependent, there is a growing need to manage their system complexity. However, system complexity only exists as implicit and heterogeneous information. This situation causes difficulties to obtain and analyze system complexity. This manuscript...