Briefly describe at least two similarities and two differences between U.S. GAAP and iGAAP with respect to income tax accounting

Briefly describe at least two similarities and two differences between U.S. GAAP and iGAAP with respect to income tax accounting.

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Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP related to the accounting for pensions

1. Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP related to the accounting for pensions.

2. At the beginning of the year of adoption of Statement of Financial Accounting Standards No. 106, a transition amount is computed as the excess of the
expected postretirement benefit obligation over the fair value of plan assets or vice versa.
accumulated postretirement benefit obligation over the fair value of plan assets or vice versa.
expected postretirement benefit obligation over the fair value of plan assets, but not vice versa.
accumulated postretirement benefit obligation over the fair value of plan assets, but not vice versa.

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