Compering financial statement presetations

Comparing two companies (GAAP v. IFRS) Financial statement presentations. Compare two companies', A and B, financial statement presentations. You may compare: Recognition and measurement (accounting methods) differences; Disclosure differences including (Differences in the financial statements included in annual reports, Differences in the format used to present financial statements, Differences in the level of detail provided in the financial statements, Terminology differences). Company A uses GAAP and company B uses IFRS. Which method (GAAP or IFRS) is better? Choose 3-4 topics. Defend your position by discussing the strengths and weakness of each position. For each topic can be different position. COMPANY A (GAAP) Consolidated Statements of comprehensive income Consolidated Balance Sheets COMAAPNY B (IFRS) Consolidated Income Statement Consolidated income of comprehensive Income Balance Sheet Assets Equity Liabilities CONSOLIDATED STATEMENT OF CASH FLOWS Operating Activities Investing Activities Financing Activities NET CHANGE IN CASH AND CASH EQUIVALENTS