Compare the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business?

1.) In what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP?

2.) Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain.

3.) What terms commonly used under IFRS are synonymous with common stock and balance sheet?

For best answer please provide complete explanations and source (if any used), to each question. Thank you for your time and consideration.