Switching to International Financial Reporting Standards could prove to be a costly move for many companies’ IT departments, according to a new report by Ernst & Young.
The report, “Inside IFRS: The Opportunity for IT,” describes the unexpected complexity of converting to IFRS and the high expenses the change can entail. “IFRS conversion requires fundamental change on multiple levels, can take up to several years, and affects virtually every function within an organization,” said the report. It cites a survey by the Institute of Chartered Accountants in England and Wales, in which 75 percent of the respondents reported increased complexity around information technology issues.
Read more:
http://www.webcpa.com/news/IFRS-Conversion-Puts-Demand-Technology-51203-1.html
Monday, August 3, 2009
Premier Inn secures five new English sites
Budget hotel chain Premier Inn is to expand its portfolio by five hotels across England.
The Whitbread-owned operator has secured five sites worth a combined total of £27m, which will add 535-bedrooms to Premier Inn’s portfolio.
The new sites include a deal to build a 121-bedroom Premier Inn at the Medway Leisure Park in Rochester, Kent, as well as a contract with the Newton Abbott Jockey Club to build a 62-bedroom hotel and Table Table restaurant.
Read more:
http://www.caterersearch.com/Articles/2009/08/03/329036/premier-inn-secures-five-new-english-sites.html
The Whitbread-owned operator has secured five sites worth a combined total of £27m, which will add 535-bedrooms to Premier Inn’s portfolio.
The new sites include a deal to build a 121-bedroom Premier Inn at the Medway Leisure Park in Rochester, Kent, as well as a contract with the Newton Abbott Jockey Club to build a 62-bedroom hotel and Table Table restaurant.
Read more:
http://www.caterersearch.com/Articles/2009/08/03/329036/premier-inn-secures-five-new-english-sites.html
