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How can I find out the differences between local GAAP in my own country and IFRS GAAP?
What are the key differences When comparing IFRS and GAAP?
the differences cannot be listed unless for a particular topic or area. however some key differences are as follows;
The biggest difference between U.S. GAAP and IFRS is that IFRS provides much less overall detail. Its guidance regarding revenue recognition, for example, is significantly less extensive than U.S. GAAP. IFRS also contains relatively little industry-specific instructions.
you may noticed that this is only a general difference.
Unfortunately, US put off again the final decision about conversion to IFRS :(
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