1. Which set of rules allows companies more discretion on what information is on the financial statements?
2. What does the balance sheet look like? How does the international presentation differ from US GAAP?
3. What does the income statement look like?
4. What about the term reserve mean in IFRS?
5. How is the statement of cash flow prepared under both methods?
6. What are the accounting rules for cash and receivables?
7. What are the differences in the area of inventory accounting?
8. How does property, plant, and equipment accounting differ under U.S. GAAP and IFRS?
9. Contingencies: What are the differences?
10. What are the differences in stockholders' equity?