Answer discussion question for accounting class

Can you help me understand this Accounting question?

Dor this discussion, I need the discussion answered and a reply to three other students. The three student’s posts for you to reply to will be send to you tomorrow.

Discussion: GAAP Versus IFRS

-Post a clear and logical response in 250 words to the following, providing specific examples to support your answers:

-Briefly describe the major differences between GAAP and IFRS.

-By adopting the IFRS principles, do you feel accountants in the United States will have more flexibility in how annual report items get reported? Explain.

-If the IFRS principles are adopted, do you feel shareholders, creditors, suppliers, and customers will be better informed about U.S. companies? Explain.