As full acceptance of International Financial Reporting Standards (IFRS) in the U.S. 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?

As full acceptance of International Financial Reporting Standards (IFRS) in the U.S. 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?

Read the full article at Deloitte