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What are the main differences between US GAAP and IFRS? Can my knowledge in US also hep me With my transition into IFRS? I am interviewing for a job and appreciate any help from people who have made this switch. Thank you

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EY has the best gaap vs ifrs guide. You should at a minimum know the key differences between IFRS 16 and 842. Also know the standards that are more or less aligned: Rev Rec, Bus Combinations, etc. Just be prepared to research stuff. Google is a great tool.

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The main differences will vary by industry. For example there are quite a few differences for inventory if you’re in manufacturing space.

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KPMG also has good free online resources for gaap/ifrs differences. Ifrs will be easier to understand if you have a good grasp on gaap too. The biggest differences I’ve come across are hedge/derivative accounting and taxes, but that isn’t my specialty

Time to read a book...

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