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

Name: U.S.GAAP accounts for short-term receivables at amortized cost, adjusted for allowances for doubtful accounts, whereas IFRS requires fairs values for receivables.
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Both U.S. GAAP and IFRS account for short-term receivables at amortized cost, adjusted for allowances for doubtful accounts, not fair values.

USGAAP Accounts for Short-Term Receivables at Amortized Cost, Adjusted for Allowances