Final answer:
The 'Measurement of fair value of financial instruments' is the aspect that does not represent a similarity between IFRS and U.S. GAAP balance sheet presentation, as the methods used to measure fair value can vary significantly between the two standards.
Step-by-step explanation:
The subject of this question is the similarities and differences in balance sheet presentation requirements between the International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (U.S. GAAP). Of the options provided, the one that does not represent a similarity is "Measurement of fair value of financial instruments." While both IFRS and U.S. GAAP require the classification of assets and liabilities, disclosure of significant accounting policies, and presentation of non-current assets held for sale, the methods used to measure fair value can vary significantly between the two sets of standards.
The IFRS often utilizes a more principles-based approach to fair value measurement, allowing for more interpretation, whereas U.S. GAAP is more rules-based and may provide more detailed guidance on how to measure fair value for financial instruments. Therefore, when comparing the two, this area represents a clear divergence in requirements. Other aspects such as classification, disclosure, and presentation are more aligned between IFRS and U.S. GAAP.