suyash1989

I agree with this list.

But I would add the following:

Lower or cost or NRV for inventory under IFRS and LCM in US GAAP.
Bunch of stuff in the reading on long-lived assets.

Omar Adnan Wrote:
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> I guess if you know differences between them in
> IFRS and GAAP treatment
> - LIFO/FIFO
> - Interest/Dividend treatment in cash flows
> statements
> - Revaluation of assets
> - Construction contracts
> - Extraordinary items
> You should be ok .. The last reading on FA (if
> still the same for June exam) shows an excellent
> summary