IFRS V/S GAAP

Hey all ,

Does anyone have a pdf or a link to a site which has listed down all the differences between ifrs and the gaap ?

I am freaking out currently have 12 more readings to do and bearly remember anything !!! this IFRSV/SGAAP thing if anyone has , would help me out immensly !!!

Panicking and thanking ,

HedgeFudge

Hi there,

Here is something recent from PWC

http://www.pwc.com/en_US/us/issues/ifrs-reporting/publications/assets/ifrs-and-us-gaap-similarities-and-differences-2014.pdf

One thing I would say is I wouldn’t freak out over it, from memory it’s not something they really go to town on

Hey HedgeFudge,

Check out this thread by RaviVooda at 300 (This is very summarised)

http://forum.300hours.com/discussion/819/ifrs-vs-gaap-for-level-1#latest

and this thread has an attachment that is more detailed (Within 10 pages), comment made by Vincent

http://forum.300hours.com/discussion/159/differences-between-ifrs-and-gaap

They are both prepared for December 2012 exam, I have skimmed through out and have not noticed a difference in the standards a ow compared for the ones written now. Just to be 100%, I recommend you check accounting for financial instruments, because there were a additions made to IFRS 9. But i dont think there are any differences in terms of testable material.