U.S. GAAP accounts for short-term receivables at amortized cost, adjusted for allowances for doubtful accounts, whereas IFRS requires fair values for receivables.

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U.S. GAAP requires allowances for doubtful accounts to adjust short-term receivables at amortized cost, while IFRS allows for either amortized cost or fair value measurement for receivables, depending on certain factors such as the nature of the receivable and the entity's business model.

US GAAP Accounts for Short-Term Receivables at Amortized Cost, Adjusted