Has anyone found a good resource for succintly learning/ memorizing the differences between IFRS and GAAP?

Nope! I am focusing on the other areas. Screw FRA! Its not vital like ethics.


The actual source is here:


Boom! Good luck haha, it’s brutal.

Thanks. One of these was posted before and it had a few mistakes in it… have you personally checked this one?

If so, this might just be my subway ride on exam day, haha

Edit: the other resources haven’t been updated since 2012…

Not vital? Its the most important topic of lvl 1…

I was confused by that comment, too. If by “not vital,” you mean “most heavily weighted portion of the level I exam,” then that would be accurate.

can anyone confirm the document being up-to-date? i’ve seen a similar (identical looking) document like that years ago.

As far as I know, the only way to learn the difference between IFRS and GAAP is through rote memorization.

But I personally wouldn’t be too worried about it. CFAI does not generally test on minute, rote-memorization type of stuff.

It’s what I’ve been using as a reminder type thing, I haven’t seen anything crazy wrong on it though.