IFRS 2-5 (Essay)

The financial statements ofLouis Vuittonare presented in Appendix F. Instructions for accessing and using the company's complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Identify five differences in the format of the statement of financial position used by Louis Vuitton compared to a company, such asApple, that follows GAAP. The financial statements ofApple Inc.for 2014 are presented in Appendix A.