Intermediate

Literature comparison: GAAP vs IFRS treatment summary

Creates a side-by-side summary of GAAP vs IFRS differences for a given topic, including practical implications. Useful for multinational reporting and policy alignment.

Compare US GAAP vs IFRS for the topic: {topic}.

Inputs:
- Facts/scenario: {scenario}
- Specific standards/sections provided (optional): {provided_standards}
- Company policy constraints: {policy_constraints}

Output:
1) Side-by-side table: area, GAAP approach, IFRS approach, key differences.
2) Practical implications (measurement, disclosures, systems).
3) Questions to confirm facts that drive different outcomes.
4) Recommended policy approach and documentation steps (if requested).

Do not invent citations; if standards are provided, reference them.

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