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.