Business Finance Homework Help

Consult a guide to differences and similarities between US GAAP and IFRS and identify four areas of substantial differences that exist between them. Summarize the differences in a 4-5 page report (1″ margin all-around, 12 point Times Roman font, double-spaced) commenting on why some of the choices in IFRS are not considered acceptable in US GAAP and vice versa. Which set of standards, in your opinion, are more detailed? Are more detailed standards more helpful to professional accountants or more problematic? Why?