Telcos Tackling IFRS Compliance: Finding New Ways to Do Business

June 23, 2015 by Bonnie D. Graham 0

The buzz: Can you hear me?

Telecoms operators worldwide should already be preparing for 2017, when new IFRS (International Financial Reporting Standards) standards will significantly change the way they recognize and account for revenue.

More than just an accounting exercise, the new rules will also impact Telcos’ profit and loss, systems, and key performance indicators. Some are already concerned about the proposed new IFRS treatment of their acquisition costs.

Why the Rev Rec change now? How can Telcos go beyond simple compliance to take advantage of the changes? Do Telcos need to find new ways to do business?

The experts speak.

Terri Haney, SAP: “The price of doing the same old thing is far higher than the price of change.” (Bill Clinton, 42nd U.S. President)

Andreas Meider, SAP: “Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” (Steve Jobs)

Join us for Telcos Tackling IFRS Compliance: Finding New Ways to Do Business.

Tags: ,

Leave a Reply