LR parsing allows parsers to see the entire right-hand side of a rule and perform lookahead, allowing it to handle a wider range of grammars than LL parsing. The document provides an example of LR parsing a simple expression grammar. It demonstrates the steps of building the LR parsing items, closure, and goto functions to generate the LR parsing table from the grammar. LR parsing tables contain the states, symbols, and parsing actions (reduce, shift, accept).