What is the difference between GAAP and IFRS such that it creates a difference that the entity is required to prepare two sets of financials? Now, we know that the law says they're required to prepare two sets of financials. We know that the overall reason is because of the differences between GAAP and IFRS. What I want to know is what the actual differences are. Is it a difference in the way that revenue is recognised? Is it a difference in the way that donations are recognised? Is it a difference in the way that depreciation is recorded? Is it a difference in the way that members' equity in the organisation is recognised? Is it a difference in the way that, say, Government grants are recognised? Is it a difference in the way that you have to record something as simple as GST? Is it a difference when it comes to maybe tax treatment of some items? There's a whole series of difference, and I really did hope to understand the exact differences between the IFRS treatment of the entity's financial performance and the GAAP treatment of the entity's financial performance. We know they are different, but what are the differences?