Apple and Orange difference
Talk to anyone who’s taken the Level I or Level II CFA® exam and you’ll likely hear them express surprise at just how many questions were devoted to the differences between the  IFRS and GAAP accounting methodologies.

IFRS vs. GAAP is a core topic on the exams and a key component of financial analysis that you’ll encounter on a near-daily basis in your work — so knowing the two methodologies inside and out is a must if you want to become a CFA charterholder.

Register to Access a Free CFA Video Lecture


This engaging lecture features an excellent walkthrough of each methodology as well as clear detailing of their similarities and differences. Be sure to watch it multiple times as it covers everything a CFA candidate needs to know in terms of:

  • Long-term Contracts
  • Impairment of Assets
  • The Redemption Model
  • The Fair Value Model
  • Defined Benefit Pension Plan