Statement 167: Insights for Tourism, Hospitality & Leisure (THL)
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). Learn about the implications for the THL industry
In the wake of economic turmoil and anticipation of a rebound, every organization must choose its own path ? striking a powerful balance between investing in growth, driving efficiency, managing risk and meeting compliance obligations. It's no longer about the downturn or the upturn. It's about your turn.