spartanag07

To the best of my knowledge the differences are as follows:
Extraordinary transactions are "prohibited" under IFRS and therefore show up as an above the line item

Difference in treatment of Goodwill under IFRS & US GAAP:

Recording value initially
Impairment testing - ! step (IFRS) vd 2 Step (USGAAP)

Negative differences. Negative Goodwill is actually a positive as _ve goodwill is the acquisiton price is less than the FV and is charged to P&L under both.

Hope this helps.