Identify some of the financial statement items where U.S. GAAP is different from IFRSs.

Question:

Identify some of the financial statement items where U.S. is different from IFRSs.
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...