IFRS vs. GAAP Flashcards

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1
Q

Income Statement Classification:
Type of Expense:
Research and development

A

Income Statement Classification:
IFRS: Operating
GAAP: Operating

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2
Q

Income Statement Classification:
Type of Expense:
Depreciation and amortization*

A

Income Statement Classification:
IFRS: Operating
GAAP: Operating

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3
Q

Income Statement Classification:
Type of Expense:
Interest expense

A

Income Statement Classification:
IFRS: Other (Not Operating)
GAAP: Other (Not Operating)

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4
Q

Income Statement Classification:
Type of Expense:
Income Taxes

A

Income Statement Classification:
IFRS: Other (Not Operating)
GAAP: Other (Not Operating)

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5
Q

Cash Flow Statement:
Type of Expense:
Research and development

A

Cash Flow Statement Classification:
IFRS: Operating
GAAP: Operating

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6
Q

Cash Flow Statement:
Type of Expense:
CAPEX

A

Cash Flow Statement Classification:
IFRS: Investing
GAAP: Investing

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7
Q

Cash Flow Statement:
Type of Expense:
Interest

A

Cash Flow Statement Classification:
IFRS: Operating or Financing
GAAP: Operating

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