As full acceptance of International Financial Reporting Standards (IFRS) in the United States nears, developing a plan around IFRS implementation is becoming increasingly important for hospitality companies to effectively position themselves for the future. More hospitality executives may be asking: How will IFRS impact my company and industry? What triggering events would compel us to move more quickly to adopt IFRS? What obstacles might stand in our way? What events would influence my company’s pace of IFRS adoption? 

In an effort to answer these questions and help hospitality executives, Deloitte is pleased to announce the release of a new white paper, titled "IFRS in Tourism, Hospitality and Leisure: More Than Just Accounting."  This report provides practical industry insights on IFRS and includes useful sections on: 

• Challenges and opportunities facing hospitality companies
• The potential implications of IFRS relating to human resources, regulatory, tax, treasury, contract management, accounting and technology issues
• Evaluating approaches to IFRS conversion
• Planning for IFRS adoption

Learn more about how to address IFRS in the tourism, hospitality and leisure industry by downloading the publication below.

Related Content:
Overview: International Financial Reporting Standards  
Overview: Tourism, Hospitality & Leisure Industry 
Resources: IFRS Resource Library 
Resources: IFRS Industry Publications 

As used in this document, ‘Deloitte’ means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.