Briefly describe some of the similarities and differences between IFRS and U.S. GAAP with respect to cash

Question:

Briefly describe some of the similarities and differences between IFRS and U.S. with respect to cash flow reporting.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...