Introduction

Accounting is considered as the procedure of analysing, classifying along with summarising information related to finance. It helps in revealing profit and loss for a specific period of time and the value as well as nature of the assets and liabilities of the company. This financial information helps the organization in taking decisions for the future growth and development (Palmer and et.al., 2014). This report is based on the Inditex group which is one of the biggest fashions group as this firm has more than 7000 stores in 91 markets around the world. Further, the report helps in providing clear understanding of financial performance of the stated group along with the different strategies of growth which the organisation pursuing in some of the recent years.