IFRS vs US GAAP

CFA Level I FRA
#1

Hi everyone,

I’ve been studying for the level 1 CFA on december and something is bugging me. I have seen a lot of comments on schweser’s notes regarding differences between IFRS and USGAAP (inventories, COGS and so forth). Is it common to have questions comparing them, or something specific of either?

Thanks in advance

#2

Yes, it is.

#3

I would use this cheat sheet.Contains every difference between IFRS and US GAAP in tabular format

http://www.finquiz.com/sample/download/usgaapvsifrs.pdf