Communications Review

Message from the editor

Most accounting changes never come to the attention of the CEOs or operational management – instead they’re dealt with by specialist accounting professionals or perhaps the CFO. But the new IFRS15 accounting standard on revenue recognition, published jointly by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), is an exception. Due to start coming to force from the start of 2018, IFRS15 significantly changes mobile operators’ long-standing practice of quietly using customers’ service plan charges to subsidise the up-front costs of their handsets. As you already know, it brings profound implications for communications companies’ operations, with knock-on effects on areas from pricing to marketing to sale incentives. And while the looming deadline set for the introduction of the new standard is a date that no operator can afford to miss, many have yet to start their compliance programmes. Have you started your compliance programme?

In the June issue of Communications Review, we present, ‘IFRS15: An accounting change with profound impacts for communications operators–from the P&L to operations, pricing and marketing’. In the article, we look at how you can get your systems and processes in shape to adhere to the new standard.

 

Thomas Tandetzki
Partner
Global Communications industry leader
PwC

IFRS15: An accounting change with profound impacts for communications operators–from the P&L to operations, pricing and marketing

June 22, 2016

The IFRS15 accounting standard on revenue recognition brings profound implications for communications companies’ operations.

Communications Review – Keystone behaviours: How communications operators can turn their culture into a driver of digital transformation

April 15, 2016

Transforming into a digital business is the most pressing challenge facing communications operators—yet organisational cultures are often perceived as barriers to change.

‘Zero infrastructure – anything-as-a-service’: How CSPs can harness the full power of the cloud

January 05, 2016

A PwC article on how and why cloud is rapidly becoming the new core delivery model for provisioning business technology across leading CSPs' operations.

Opting in: How to win employee partners in mobile data analytics

October 23, 2015

A PwC article on the potential value of collecting data from employees and how to ensure they are willing participants.

Owning the Connected Home: Customer experience as the ultimate differentiator

September 21, 2015

A PwC article on business models for connected home services, why telcos and MSOs should offer them, and why customer experience is the key to success.

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