"Comparing IFRS to GAAP Paper"

In what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP?

The United States uses two main accounting systems. We have the GAAP(Generally Accepted Accounting Principles and we also have IFRS(International Financial Reporting Standards). These two accounting systems have differences that make them a bit different from each other. For example GAAP Balance sheets have Income statement, a statement of comprehensive income, changes in equality, a cash flow statement and footnotes. IFRS Balance sheet has an Income statement, Statement of comprehensive income, changes in equality, cash flow statement and Footnotes. The difference in these reports is that IFRS has a comprehensive income.
Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain.
GAAP and IFRS seem to have similar ways when it comes to financial reporting. Both have the same concept that financial reporting should be relevant and frequently represented. Any Information that is reported through these reports is viewed as anything that could be useful. Information that is frequently reported or represented should comply with rules and standards of the to industry and any estimates should be conservative in nature.
What terms commonly used under IFRS are synonymous with common stock and balance sheet?
Balance Sheet is synonymous with the “Statement of Financial Position”. It is one of the main financial statements and it reports an entity's assets, liabilities, and the difference in their totals. Common Stock is synonymous with “Share Capital Ordinary” which is an ordinary share that represents equity ownership in a company and entitles the owner to a vote in matters put before shareholders in proportion to their percentage ownership in the