Briefly list several differences between IFRS and U.S. GAAP in regard to a companys income statement.

Question:

Briefly list several differences between IFRS and U.S. in regard to a company’s income statement.

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...