Differences Between US GAAP & IFRS

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Differences Between US GAAP & IFRS
Ivy Feng, Member
If you are allowed to give only 5 major differences between US GAAP & IFRS, what would they be?

Ytalo Huertas Campoverde, Member
This is very important for me. I am a Peruvian accountant and belong to a USA company so I have to report with the two principles.

Main Differences Between IFRS and US GAAP
I also would like to know the principal differences between US GAAP & IFRS, because this year the financial sector of Mexico must adopt these rules.

Diff. in Gaap and Ifrs
david, Member
Difference between the two are still universes apart, from revenue recognition to financial sheet representation. Explaining the differences would take forever. Maybe asking a few questions that you are unsure of would be the best avenue for you.


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