Statement 167: Insights for the Tourism, Hospitality & Leisure Industry
The Financial Accounting Standards Board (FASB) recently issued FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R) (Statement 167), which significantly changes the consolidation determination for variable interest entities (VIEs). Statement 167 will likely have considerable implications on the financial reporting of the tourism, hospitality & leisure (THL) industry.
“Statement 167: Insights for the Tourism, Hospitality & Leisure Industry” is intended to highlight some of the implications and issues, including:
- Summary of the relevant changes for THL companies
- Consolidation models
- Implications for financial statement presentation
- Example scenarios of applying Statement 167
- Other implementation issues
To learn more, download the PDF below.