FAR04 International Financial Reporting Standards (IFRS)

Are impairment losses reversed under U.S. GAAP?

In IFRS, one-step impairment test for goodwill must be performed. What occurs in U.S GAAP?

In U.S. GAAP, revaluation is not permitted. What occurs under IFRS?

Under specific ASC guidance exists, development costs are expensed in U.S. GAAP.  What occurs in IFRS?