Enumerate and briefly explain the differences between the IFRS and US GAAP on the following issues:

• Treatment of Inventory and Valuation methods
• Treatment of Inventory write-down and Asset Impairment and revaluation
• Treatment and determination of costs of Property, Plant, and Equipment
• Treatment of Investment Properties
• Treatment of Research and development costs
• Treatment of Intangible Assets
• Treatment of Assets Impairment Loss
• Treatment of costs of borrowing to purchase or construct assets
• Treatment of Related Party Transactions
• Treatment of correction of errors
• Treatment of Discontinued Operation