Describe the difference between U.S. GAAP and IFRS in the allowable options for presenting the components of

Question:

Describe the difference between U.S. and IFRS in the allowable options for presenting the components of other comprehensive income.

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...