FAR19 Investments - Significant Influence

Compare and contrast US GAAP with IFRS, for reporting dates of the investor and investee.

Under IFRS, uniform accounting policies must be applied, for the equity method. What is the requirement under U.S. GAAP?

Under U.S. GAAP, an equity investee can elect the fair value option. What is the case under IFRS?

Under IFRS, investees are referred to as associates. How are they referred under U.S. GAAP?