Air FranceKLM (AF) , a French company, prepares its financial statements according to International Financial Reporting Standards.

Question:

Air France–KLM (AF) , a French company, prepares its according to International Financial Reporting Standards. AF’s annual report for the year ended March 31, 2011, which includes and disclosure notes, is provided with all new textbooks. This material also is included in AF’s “Registration Document 2010–11,” dated June 15, 2011 and is available at www.airfranceklm.com.
Required:
Describe the apparent differences in the order of presentation of the components of the between IFRS as applied by Air France–KLM (AF) and a typical prepared in accordance with U.S. GAAP.

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