comparisons of financial results - Questions19-3 If an...

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Questions19-3. If an investor wants to compare the financial results of The Gap, Inditex, and H&M, what difference does it make that their financial statements are prepared according to different GAAP? What is the biggest difference between US GAAP and IFRS ? Inditex was recorded on the Madrid stock trade market toward the start of 2001 where 26 percent of the shares were sold to institutional and private offer holders. Today it is recorded at all four stock exchanges in Spain:Madrid, Valencia, Barcelona,and Bilbao. It has been recorded at IBEX 35 and Euro stocks subsequent to September 2001. Inditex transformed its reviewing standards from Spanish GAAP to IFRS in 2004, which makes entanglements as to redesigning money related explanations. In the Inditex yearly report 2005,the two bookkeeping techniques are shown for year 2004 and the outcome demonstrates that by utilizing IFRS as opposed to GAAP,the income is around 0.2 percent lower. Net working capital measures an organization’s productivity and
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