Problem
1- Describe the content and purpose of at least four financial reports that must be filed with the SEC.
2- What is conservatism? What are its advantages?
3- Describe at least four major limitations of financial statement information.
4- Explain what is meant by the term ‘earnings management' and what incentives managers have to engage in earnings management.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.