Identify any differences between U.S. GAAP and International Financial Reporting Standards (IFRS) in the number of possible

Question:

Identify any differences between U.S. and International Financial Reporting Standards (IFRS) in the number of possible separately reported items that could appear in income statements.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...