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 Would you expect there to be a big difference between U S GAAP as used by The Gap and IFRS as used by H M and Ind...

Situation HM Company is a major firm in the apparel retail markets where fashion trends are critical ...

If an investor wants to compare the financial results of The Gap, Inditex, and H&M, what difference

Question:

If an investor wants to compare the financial results of The Gap, Inditex, and H&M, what difference does it make that their are prepared according to different ? Would you expect there to be a big difference between U.S. as used by The Gap and IFRS as used by H&M and Inditex?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...