Is there a difference in the financial statements

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Reference no: EM13684429

Case Study: "H&M: The challenges of global expansion and move to adopt International Financial Reporting Standards."
Is there a difference in the financial statements that are prepared according to different GAAP if an investor wants to compare the financial results of Gap, Inditex and H&M?
Would you expect that there is a big difference in the GAAP usage by the U.S. as used by GAP and IFRS, to that used by H&M and Inditex?
H&M's has their own accounting standards and practices, what are the major sources of influence for them?
What type of exposure could the CFO of H&M in the U.S. be subjected to since H&M is based in Sweden and the financial statements are prepared according to IFRS?
Payments or liabilities may also be subjected to exposure. Explain the operational hedging strategies that may offset exposure.

Reference no: EM13684429

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