Question: During this week we have learned about the differences between IFRS and US GAAP. Using both the FASB Codification and IFRS standards, research this topic.

During this week we have learned about the differences between IFRS and US GAAP. Using both the FASB Codification and IFRS standards, research this topic. Use the address www.ifrs.org to access the site. Use "search this site" to find the standards, IAS, you need to consult. Mention at least three (3) differences between the accounting treatment and the registration of accounts that belong to the category of Research and Development. Are these accounts expenses or costs?

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