Deloitte IFRS white paper for THS industry

has issued a white paper aimed at chief financial and information technology
officers, senior finance leaders and other corporate executives on the adoption
of International Financial Reporting Standards (IFRS) for the tourism,
hospitality and leisure industries.

Deloitte says that, developing a plan around IFRS implementation is becoming
increasingly important for THL companies to effectively position themselves for
the future.

The ‘IFRS in Tourism, Hospitality and Leisure: More Than Just Accounting’
report is designed to provide the THL industry with specific practical insights
on IFRS, taking into account that THL companies often have operations and assets
which span countries and continents, increasingly tapping into global capital

It includes useful sections on challenges and opportunities facing
hospitality companies, the potential implications of IFRS in relation to human
resources; regulatory, tax, treasury, contract management, accounting and
technology issues; valuating approaches to IFRS conversion; and planning for
IFRS adoption.

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Fiona Westwood of Smith and Williamson.