Review the financial reports and notes of the company you have chosen from the EDGAR Web site. Using this company as your point of reference, provide general information on the following questions:

$$ Create an overview on IFRS.

$$ Generate a list of differences that you would expect to see on your income statement and your balance sheet between IFRS reporting and U$.$S$.$ GAAP reporting.

$$ Describe the impact of IFRS reporting on your company's inventory account $($IAS $2).$

$$ Describe some of the differences between IFRS and

U$.$S$.$ GAAP regarding revenue accounting.

$$ Describe some of the differences between IFRS and

U$.$S$.$ GAAP on financial instruments.